Thu, May 19, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Global Investment Management's currency hedge fund up 14.5% in first seven weeks

Wednesday, May 25, 2011

Benedicte Gravrand, Opalesque Geneva:

Global Investment Management (GIM)'s flagship fund, the GIM High Opportunity Forex Fund (USD share class) is up 14.449 % YTD after only 7 weeks in operations.

Astron Susilovic, Managing Director, Portfolio Manager and Head of Principle Strategies at GIM's Swiss offices told Opalesque that 50% of profits derived from trend-following and 50% from high frequency trading. "The fund is comparatively high leveraged (1:10) in majors and (1:15) in crosses," he added.

The fund is a currency fund executing a trend following, chart pattern recognition high frequency trading strategy. It aims to return an above average risk adjusted return compared to traditional asset classes. Rabobank is the prime broker, HSBC (Malta) the custodian and Apex Fund Services (Malta) is the fund´s administrator.

By its very nature, the fund does not have a view on the Forex market, but Susilovic's personal view is that the US dollar will become weaker against all major currencies and emerging markets currencies again, "as the Fed has not solved the structural problems which are unemployment and a restructuring of its industrial home base. You cannot fight Asian low labour costs with quantitative easing!" he explained.

According to Dow Jones Credit Suisse’s hedge fund index, currency trades positively contributed to many hedge fund portfolios in April 2011, as managers held short US dollar positions against a variety of emerging marke......................

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: Long/short equity hedge fund with bear market experience has a winning quarter[more]

    B. G., Opalesque Geneva: Experience during a Russian bear market lasting five years enabled Christian Putz to identify certain investment patterns in the market which he now applies to his current investment strategy. London-based ARR Inv

  2. Schroders acquires European renewable infrastructure manager Greencoat Capital[more]

    Laxman Pai, Opalesque Asia: British multinational asset management company Schroders has completed the acquisition of a 75% shareholding in Greencoat Capital, one of Europe's largest investment managers dedicated to the high-growth renewable infrastructure market. The remaining 25% is owned by Gr

  3. Opalesque Exclusive: Global equity manager focuses on symbiotic value chains[more]

    B. G., Opalesque Geneva: A global equity manager has made a point of focusing on the phenomenon of shrinking supply chains and avoiding zero-sum business models. London-based Tollymore Investment Partners is a private partnersh

  4. Satori Capital intros energy transition fund, a long/short equity strategy[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has launched Satori Environmental, a long/short equity strategy that primarily invests in securities impacted by the global energy sector's shift from fossil-based s

  5. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm