Systematic FX traders search for solutions after tough year
In 2007, FX Concepts was at the top of its game. With around $14 billion in assets under management (AUM), it was one of the largest exclusively FX hedge funds in the world.
Unfortunately for the firm, this pre-eminence didn’t last long. During the upheaval of 2008, as market fundamentals changed rapidly, FX Concepts fell into a nose dive that it couldn’t pull out of. This year, its AUM dipped below $1 billion, and several key clients, including the Pennsylvania Public School Employees’
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