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.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.