IDEA To Launch Currency Fund Using Rational Expectations

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IDEA, the foreign exchange research and forecasting group, plans to launch a currency and futures fund later this year that will be based on a new model it has been testing since April of 1991. According to managing director Shandi Modi, the fund, to be launched probably during the third quarter of this year, will be operated as a joint venture with a major bank which will trade on IDEA's advice and handle administration and custody. Modi says he is currently negotiating with several American

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