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Benedicte Gravrand, Opalesque Geneva:

In one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, a number of FX Strategies did very well in January. dbSelect is a managed investment platform for unfunded managed accounts, with alpha strategies in FX, CTAs and other liquid trading strategies.

According to dbSelect’s January 2015 Manager List, obtained by Opalesque, the top ten FX managers showed returns ranging from 3.7% to 25.9% in January. The top ten CTA and Global Macro managers, which DB classifies separately on the platform, returned between 8.4% and 18.7%.

Currency traders – and CTAs – did generally well last month. According to BarclayHedge, a research firm, January’s one-month gain of 4.11% by Currency Traders outpaced their 3.31% return for all 12 months of 2014. The Barclay CTA Index’s gain of 3.41% in January is more than half of its total 7.62% return in 2014. Hedge Fund Research’s HFRI Macro: Currency Index, comprised of hedge funds focusing primarily on currency exposures, is up +0.88% for the month (2.92% in the last 12 months and 0.69% in the last 60).

Currency markets were relatively calm over the last few years but have become volatile of ......................

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