Sabre Launches Currency Fund Based On Futures And Options

NON-BANKS

Sabre Fund Management Ltd., a U.K.-based advisory firm which advises international and offshore clients in derivatives investment and risk management, is launching The London Currency Fund. The fund, for sophisticated investors in the U.K. and international sterling investors, will trade exchange-listed futures and options in the five major currencies, and utilizes a recently developed options strategy.

The offshore fund is based in Bermuda, and aims to raise between £3 and £5 million. The London

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