Daniel Stewart & Company to Launch a Foreign Exchange Fund

Daniel Stewart Company, the London-based investment bank offering corporate advisory, institutional stock broking and wealth management services, announces plans to

Daniel Stewart & Company, the London-based investment bank offering corporate advisory, institutional stock broking and wealth management services, announces plans to launch a foreign exchange fund, The Daniel Stewart Mercury Forex Currency Fund (the “Fund”).

Open to institutional and “expert” investors, the Fund is scheduled to begin trading at the beginning of next year and will be managed by Mercury Forex AG, a Swiss registered, regulated and authorised company.

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Headed by John Birkins, who has over 30 years’ experience trading in the Forex Markets (prior to establishing Mercury Forex AG was Chief Dealer at Credit Suisse), London, Mercury Forex AG has a 16 year track record of generating outstanding returns primarily in spot Forex typically trading the major G7 currencies and their crosses either short-term or intraday. John commented that: “Much of this success is attributed to our three core building blocks, specifically, frequent application of a contrarian trading strategy, appropriate levels of diversification and an extremely disciplined approach to Risk Management”.

Peter Shea, the CEO at Daniel Stewart & Company

Peter Shea, the CEO at Daniel Stewart & Company, said: “We are absolutely delighted to be partnering with Mercury Forex for the launch of our first Forex fund, particularly with an investment manager of John Birkins’ calibre. By collaborating with Mercury Forex, Daniel Stewart is extending Mercuy Forex’s overall distribution across the UK, Middle East and Asia, as well as enhancing Daniel Stewart’s offering to its client network. We strongly believe that ongoing volatility in currency markets provides excellent opportunities for investors to boost returns compared to the relative weakness of equities and bonds.”

John Birkins, CEO at Mercury Forex AG, also commented that: “In the wake of the current credit crisis, continuing global economic fears make it increasingly difficult for equity and debt traders to produce consistent returns. However, this same volatility can be advantageous for the astute Forex Trader and we believe that now is an ideal time to launch The Daniel Stewart Mercury Forex Currency Fund”. John also stressed that he “was very impressed with the infra-structure at Daniel Stewart and their knowledge of the investment environment and feels that their combined leverage will create attractive returns for investors in this challenging trading environment.

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