Buy side places faith in diverging monetary policy

For Dori Levanoni, co-director of global macro at investment management firm First Quadrant in Pasadena, California, the experience of managing a currency fund last year was comparable to being in a war zone – 90% boredom, interspersed with 10% excitement and terror.

"Much of this excitement has been a result of something that comes out of a policy-maker's mouth," he says. "Not just central bankers, but politicians too – the US Congress during October's government shutdown, and the statement