BOA falls in FX
HEDGE FUND
For the year ending December 31 2005, FX trading- related revenue at the bank was $744 million, a drop from $752 million made in 2004. The bank suffered in the fourth quarter, where revenues generated from the product line fell by 31.2% to $159 million versus $231 million in Q4 2004.
On a quarterly basis, the bank was down 20.1%, having made $199 million in FX trading-related revenue in the third quarter of 2005.
The bank said the results reflected decreased market activity in forex products.
Sa
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@fx-markets.com
More on Hedge Funds
StanChart prime services to accept Chinese bonds as collateral
Inclusion will reduce collateral drag for PB clients ahead of stricter initial margin rules
Wall Street vets vie to be BlackRock of crypto
Fund launch uses fundamental analysis to identify value propositions in high-risk industry
BlueCrest sheds traders as it winds down FX vol business
It is believed the decision stems from losses incurred by its foreign exchange business
Hunter Burton Capital launches new FX fund
The income fund will focus on short-term market volatility
Hunter Capital appoints Lerpiniere as senior portfolio manager
Sydney-based global macro fund makes senior hire
FX funds fall flat in March
Yields slip as Fed guidance lowers hike expectations
FX funds begin 2016 on a positive note
Parker FX Index meanders into positive territory in January
Currency managers end 2015 on downbeat note
Parker FX Index shows negative returns of 0.51% for December
