Gold gains shine for FX desks
PEOPLE NEWS
Lower returns from forex trading are forcing customers looking for alpha to diversify into assets such as gold. Michael Derks, chief economist at Arch Funds in London, said hedge funds have been very active in this area over the past few years. "They have been taking longer-term views on potential returns in the sector."
This means banks need to deal effectively with the relationship between gold and FX. "In the eyes of many pension and hedge funds, commodities have become a separate asset class
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