FX Hedge Fund to raise capital

UK-based currency hedge fund C-View has teamed up with MCAM Group to raise funds for their FX managed account programs. The money manager intends to develop the Currency Managed Account Program (CMAP) and the C-View Emerging, Developing and Minor Currency Program internationally.

Since inception, the flagship C-View Currency Managed Account Program strategy has outperformed the Barclays Currency Index in 112 out of 127 rolling three-year periods and has as of March 2012 delivered an annualised AROR of 11.24%.

In the last quarter of 2011, C-View and its flagship Currency Managed Account Program was selected as one of the two first managers for participation on Morgan Stanley’s new currency managed account platform FX Gateway. CMAP is also available for qualified investors through Deutsche Bank’s FX Select platform.

The Parker FX index, an industry benchmark measuring the success of top FX hedge funds reported an increase of 0.19% return for February 2012. The top three performing constituent programs for the month of February, on a reported basis, returned +8.99%, +6.08% and +4.29%, respectively. The top three performers on a risk-adjusted basis returned +3.40%, +2.84% and +2.09%, respectively.

Since the collapse of Lehman Brother hedge funds have reviewed their many risks in derivatives, one major outcome was the use of a single Prime Broker Prime Broker Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Prime brokers are the designation given to individuals handling a package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return.There are two types of prime brokers - bank and non-bank corporations. Traditionally major global investment banks have been the predominant players in the space, however recent years have p Read this Term. Consequently there has been an increase in participants offering FX Prime Brokerage services.

Forexmagnates has written a detailed report on the growing POP or Prime of Prime sector, available in the latest quarterly 1 2012 report.