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New Managers March 2019

SEEDERS & PLATFORMS: OPIM launches FX hedge fund focused on G10 currencies

 

OPIM launches FX hedge fund focused on G10 currencies

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 topdown 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 through undercurrent market conditions of the market and the central banks, which are more cautious and waiting for more data to have a clear vision about the economic outlook. Therefore, a better than expected or worse than expected data can have larger impacts on prices than usual.

G10 currencies news The G10 currencies are ten of the most heavily traded currencies in the world, including the US dollar, which is currently lower against most G10 currencies, the British pound which rallied 2%, and the euro, which was supported by optimism about Brexit, reports Livewiremarkets.......................

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This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
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