SGAM's currency fund sees 200% rise in AUM
PARIS - Société Générale Asset Management (SGAM) saw a 200% rise in assets under management (AUM) to e150 million in its currency fund in the first half of the year, according to the fund manager.
James Kwok, Paris-based manager of the SGAM Fund Total Return Forex, said the fund returned 1.29% in the first six months of this year, outperforming its benchmark Euro Overnight Index Average (Eonia) index by 75 basis points. The fund targets 400bp above Eonia, with 3% volatility, following carry
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