US - Aspect Capital will launch a new fund, the Aspect Currency Fund, on November 1 , 2001.
The new fund, a global currency trading programme will start with more than $25m from institutional investors. The fund aims to deliver average returns of 25% per annum with controlled levels of risk.
A highly diversified portfolio is achieved by combining value and momentum factors over multiple timeframes, across a broad universe of more than 25 currency markets worldwide.
Richard Conyers, Aspect head of fixed income, said: “The low correlation of currencies with traditional asset classes and other hedge fund products renders managed currencies a viable and attractive option when selecting investment for a global portfolio.”
Aspect currently manages more than $100m in FX.
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