Tue, Jul 26, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Why has it been such a difficult environment for currency traders ?

Friday, October 11, 2013

amb
Benedicte Gravrand, Opalesque Geneva:

Thomas Suter is CEO of Quaesta Capital AG, which manages in excess of $2.5bn in investment products and currency risk management mandates. He has more than 20 years of experience in financial markets and has been with Quaesta since its 2005 start. He recently spoke to Sona Blessing on Opalesque Radio about investing in currency strategies in the current environment.

The FX (foreign exchange) market, in which currencies are traded, is the largest financial market in the world, with currently around $5tln being traded daily.

Over the last five years, following the financial crisis, foreign exchange as an asset class has not done so well, Suter says. 2008 was a great year for FX and there was much enthusiasm around this asset class due to is liquidity, transparency and diversification (due to low correlation) benefits. Several banks, specifically Citibank and Morgan Stanley, started promoting new platforms supporting FX managers.

But the 2008 momentum faded away. There has not been much action among the major currency pairs, and low volatility. "Combine that with booming equity and fixed income markets and this has not been helpful for a topping of currencies as an investment opportunity," Suter notes.

According to the Bank for International Settlements (BIS), currency trading kept increasing in the first year of the financial c......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe