NEWS
Record launches Euro Stress Fund R
ecord Currency Management has launched the Record Euro Stress Fund, which is intended to generate positive performance over periods of stress in the Eurozone. The fund has been opened with seed capital from Record plc.
7KH IXQG GUDZV RQ VSHFLÀF areas of expertise within Record, in particular
currency risk management and drawdown controls. It is a response to the commercial potential in capitalising on the wide range of views in the market on the long-term
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Merk offers Currency Overlay to U.S. Equities
M
erk Investments, manager of the Merk Funds, has announced the launch of the Merk Currency Enhanced U.S. Equity Fund
(MUSFX). The no-load mutual fund seeks to outperform the S&P 500 Index by managing the U.S. Dollar and other currency exposures inherent in U.S. equity investments. The fund employs a Currency Overlay on top of the S&P Index, seeking to improve risk adjusted equity returns.
“Investors have huge exposure to the U.S. dollar and are therefore susceptible to the U.S. dollar risk,” explains Axel Merk, president and CIO of Merk Investments. “We are applying our currency expertise in an innovative way, providing investors with the opportunity to manage the currency risk of their U.S. equity investments, regardless of the direction of the U.S. dollar.” Peter Moeller, Merk’s Director of Distribution adds: “Managed currency exposure may be useful in enhancing equity returns while guarding against erosion of purchasing power.”
AXEL MERK 04 Currency Investor | Autumn 2011
CitiFX launches new platform
in FX managers via multi-strategy benchmark and actively-managed indices licensed from leading index sponsors. The returns of these indices are driven by the performance of currency programs run by the most prominent hedge funds, asset managers and advisors in the industry. From inception, the platform will represent about 35 currency programs estimated to account for more than 50% of the assets under management in currency funds. CitiFX Access is partnering with
C
itiFX has launched a new multi-manager platform, CitiFX Access. The platform offers a range of vehicles facilitating investment
viability of the Euro in its current form. This range of views encompasses a Eurozone fracture at one end, to full political, monetary and ÀVFDO XQLRQ DW WKH RWKHU ,UUHVSHFWLYH RI WKH XOWLPDWH outcome, Record believes that uncertainties lie ahead which will mean further stresses for the currency union. The fund will seek to provide an optimal investment strategy for these scenarios, with constrained downside, unconstrained upside DQG D KRUL]RQ RI XS WR ÀYH \HDUV %RE 1R\HQ &KLHI ,QYHVWPHQW 2IÀFHU RI 5HFRUG &XUUHQF\ Management, says: “The Euro Stress fund has a unique strategy and approach aimed at enabling a range of investors to generate value from Eurozone VWUHVV :H VHH D VSHFLÀF ZLQGRZ RI RSSRUWXQLW\ over the next few years that the Euro Stress Fund is seeking to exploit.”
%DUFOD\+HGJH 3DUNHU *OREDO 6WUDWHJLHV $EVROXWH Return Strategies and Quaesta Capital to create a range of solutions for investors seeking to capture FX alpha.
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