Fri, May 6, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
A SQUARE

FX check

Tuesday, March 13, 2007
Allocating to currency will be seen as a vital component of any well designed investment portfolio … and more.

A SQUARE :: 13Mar07 FX check
Category Foreign Exchange
Faculty Seppo Leskinen
Expertise Foreign Exchange
Author Sona Blessing
Faculty Name
Seppo Leskinen, SEB Merchant Banking Head of Hedge Fund Services , Global Foreign Exchange shares his views on why 2006 was such a tough market environment for FX managers and more...


The FX market is one of the most efficient - how then do managers still generate lucrative returns?


Not all participants in the foreign exchange market are profit seeking organisations. Typically central banks, corporates that need to hedge foreign payments and tourists do not or cannot maximise their profits.


Naive strategies demonstrate that phenomena such as forward rate bias exist, and that they are profitable. Skilled managers exploit such opportunities to develop lucrative return strategies.

Download this research The many benefits of an A SQUARE subscription Recommend to a friend

<< A SQUARE archive sorted by date    << A SQUARE archive sorted by category

 Article link
More research related to Foreign Exchange

[28May09] [Foreign Exchange] A currency index and a fund
The index tracks the excess returns generated by a portfolio of currency managers and currency investment strategies and themes

Download

[21May09] [Foreign Exchange] A fund that trades G10 currencies, futures and index options
2009 performance (Share Class A) up to of 31 March 2009 is +7.73%

Download

[23Apr09] [Foreign Exchange] Systematic exploitation of structural inefficiencies in currency markets
Exposure to a universe of 70 currency pairs (depending on each model's signals, each strategy invests in 5-14 currency pairs)

Download

[12Sep08] [Foreign Exchange] Currency pair mean reversion, equilibrium - exploited in a portfolio
We also have some evidence that the adjustment toward equilibrium levels tends to be non-linear. This means that currencies with larger misalignments are increasingly likely to mean-revert rapidly.

Download

[21Aug07] [Foreign Exchange] FX Series With Hathersage Capital – II
Our experience, as early FX option market makers has taught us to be long as opposed to being short gamma, since extreme events or markets can wipe out option sellers.

Download

[14Aug07] [Foreign Exchange] FX Series with Hathersage Capital – I
Foreign exchange (FX) absolute return is one of the purest forms of uncorrelated alpha and, unlike many alpha sources, requires little or no funding

Download

[30Jan07] [Foreign Exchange] PGS FX Alpha Edge
The first investible foreign exchange index

Download
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. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n

  2. Opalesque Exclusive: Hedge fund talent, fees take a hit at the Milken Global Conference[more]

    Bailey McCann, Opalesque New York: It's been a rough year for hedge funds and now, even other managers are panning them. "Frankly, I’m blown away by the lack of talent," was Point 72 CEO Steven Cohen's assessment of trying to find candidates to hire in the investment business at a panel o

  3. Hedge funds fell in April as alternative UCITS surge in Europe[more]

    Komfie Manalo, Opalesque Asia: Hedge funds shed more in April with the Lyxor Hedge Fund Index down 0.9% during the month (-2.8% YTD), but there was some good news with alternative UCITS showing strong inflows in Europe. In its Weekly Briefing, Lyxo

  4. Global hedge funds recover in April on resurging energy commodities[more]

    Komfie Manalo, Opalesque Asia: Global hedge funds recovered in April with the HFRX Global Hedge Fund Index gaining +0.41% last month (-1.47% YTD), while the HFRX Market Directional Index gained +5.31% during the same

  5. AIG lost $349m in hedge fund portfolio in Q1[more]

    Komfie Manalo, Opalesque Asia: Large US insurance group AIG lost a net $183m for the first quarter 2016, year-on-year. The group blames the loss on the impact of market volatility on investments, as well as net realised capital losses and restructuring costs. Its hedge fund portfolio made a n