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Alternative Market Briefing

OPIM launches FX hedge fund focused on G10 currencies

Monday, March 18, 2019

B. G., Opalesque Geneva for New Managers:

Another fund has launched on OP Investment Management (OPIM), a Hong Kong-based hedge fund platform; the Spectron FX Fund, which will run fundamental, macro FX strategies through G10 currencies.

The fund will be managed by Chuan Hong, who founded Spectron Capital in Beijing two years ago after more than six years of proprietary trading experience in FX.

The Fund deploys two strategies: the first uses a top-down approach by analysing macroeconomic data to monitor currency volume, prices, and cycles to trade currency spots; the second is a tactical strategy that will incorporate technical factors and examine historical price patterns to determine the strength of market trends affecting G10 currency pairs. Signals generated from both strategies will help determine holding period of the positions.

"Last year, the economic outlook for all major economies worsened, so central banks became cautious about changing interest rates, remaining more dovish this year," Hong says. "As a result, the market expects lower volatility in G10 currencies, so the fluctuation of these currency prices will stay in a tighter range."

"Our dynamic strategy will take advantage of these sudden price movements during these currency cycles," he tells Opalesque and added that sudden price movements will be seen......................

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