New York-based currency manager FX Concepts has launched a new fund based on its FX Volatility Program. The Volatility Program is an outgrowth of two specific non-directional strategies that FX Concepts has been operating since March 2002. The first is the options component of the Developed Market Currency (DMC) program ($900 million Assets under Management) and the second is a stand-alone options program ($250 million Assets under Management) that was developed for an institutional client a year later, based on the experience of the DMC options program. The Volatility Fund, available in both offshore and onshore versions, offers monthly liquidity and a minimum investment of $250,000. Fees are 1.5 per cent and 20 per cent. In addition to the funds, the Volatility Program will also be offered through a total return swap where clients receive/pay the returns of the program on a monthly basis based on their share of the swap.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.