Mon, Feb 24, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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.......................

To view our full article please login

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

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. PE/VC: Venture debt: Is it a loan? Is it equity? Is it an pportunity?, PE, VC investments in India hit all-time high in 2019[more]

    Venture debt: Is it a loan? Is it equity? Is it an pportunity? From Forbes: Venture Capital is usually the default option for fast-growth startups looking for a cash injection, thanks to our willingness to take risks in return for equity, and with no need to pay anything back - at least

  2. Other Voices: Evolution of shrinking hedge fund fees - what do investors and managers need to know?[more]

    By Don Steinbrugge, Founder and CEO, Agecroft Partners (DonSteinbrugge@agecroftpartners.com): Hedge funds fees remain under extreme pressure across the industry. This strong trend is driven by declining return expectations from investors, inc

  3. PE/VC: No handshakes, no deals: Silicon Valley VCs hit pause on China, US private equity funds swoop on UK for cheap deals[more]

    No handshakes, no deals: Silicon Valley VCs hit pause on China From Nikkei: Venture capital companies in Silicon Valley are not taking any chances when it comes to the coronavirus outbreak. "Due to the Coronavirus, No Handshakes Please. Thank You," reads a sign on the office doors of An

  4. COVID-19: Investors track ships, chase rumours to get edge on COVID-19 risks, Coronavirus risk puts the bull run on pause, China was wise to let markets stumble[more]

    Investors track ships, chase rumours to get edge on COVID-19 risks From Reuters: As investors crunch numbers to determine how the coronavirus will hit China's economy, hedge fund manager Nathaniel Polachek has tied much of his outlook to the fate of a ship anchored near Weihai, China.

  5. Bruce Berkowitz is back!, Coatue's new quant fund lost money in the fourth quarter[more]

    Bruce Berkowitz is back! From Institutional Investor: Famed value investor Bruce Berkowitz has hit hard times over the past decade, with big bets on losers like Eddie Lampert's Sears Holdings. In fact, over the past 10 years, his Fairholme Fund's annualized return is only 4.89 percent -