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...Launches Currency Option Fund

Mellon Global Investments also last week reinforced its Dublin-domiciled Mellon Global Funds (MGF) range with the launch of the Mellon Evolution Currency Option Fund. Launched on January 10, the fund seeks to return 15% gross per annum by principally using liquid OTC ...
Mellon Global Investments has been awarded a currency overlay mandate by London-based Witan Investment Trust in respect of GBP350 million of the Trust's foreign currency exposure. The mandate will be managed by Mellon Capital Management, a subsidiary specialising in global ...

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Drake Management Opens in Tokyo

Drake Management, a New York-based global macro money manager, has opened its first foreign office in Marunouchi, Tokyo. The office, which Drake is in the process of registering as a Japanese investment advisor, is manned by three senior staff and ...
Mike Leitner has been appointed head of currency trading at Chicago-based proprietary trading company Allston Trading, sources tell Squawkbox. He replaces Erik Lehtis who left the company at the end of December. Allston Trading declines to comment on where Lehtis ...

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Management Buys Currency and FI Fund

Swiss private bank Julius Baer Holding has entered into a buyout transaction with the management of Julius Baer Investments, its UK-based subsidiary that specialises in fixed income and currency asset management. Under the terms of the deal, 90% of the equity ...

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RBS Prop Trader Joins C-View

UK-based currency manager C-View, which has more than $600 million under management, has added to its portfolio management team. Jonathan Webb is joining the firm, having last been a member of the FX proprietary trading desk at the Royal Bank of ...
New research from the Credit Suisse/Tremont group was released last week, highlighting positive trends in emerging markets, but perhaps more pertinently seeking to allay fears expressed in some quarters over hedge fund exposures to emerging markets in general. The ...
The increased volatility and resumption of the long-awaited dollar downtrend helped CTA John W Henry in November. The long term trend-following firm has released flash estimates of its November performance for its foreign exchange programs which show all three programs ...

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FX Concepts Launches New Fund

New York-based currency manager FX Concepts has launched a new fund, called the Concepts Multi-Strategy Institutional Fund - GBP Shares. The fund has been seeded by Bedfordshire County Council's pension fund, and is designed for UK local authorities who look ...

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Hathersage Hires IT Head

Currency manager Hathersage Capital Management has hired a director of information technology. Rob Schmidt has joined with responsibility for the planning, design and implementation of the company's information infrastructure. Hathersage says he will ensure the timely delivery of IT services ...