FX Concepts to close fund to new investors
The firm’s Global Currency Program strategy, in which the GCP Fund is invested, currently manages assets of more than $600 million.
"The GCP strategy scales effectively, but only up to a point (around $1 billion) due to liquidity constraints -- specifically in emerging markets currencies," said Philip Simotas, head of investment management at FX Concepts in New York. "We want to keep room for potential portfolio growth due to future returns and also for investment in the GCP strategy by our
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