Hedge Funds
Morgan Stanley wins Advanced Markets as FXPB client
Success for nascent FX prime brokerage business.
SEB signs on four account managers
Bank says demand for institutional allocations via managed account structures remains robust
Moscow bourse launches interest rate futures
MOSCOW – Moscow Interbank Currency Exchange (Micex) launched trading in short-term rouble interest rate futures last week.
Positive returns for most in April
More managers see positive returns, with systematic styles winning out, while discretionary managers post poorest results
Systematic and technical managers gain in March
The best- and worst-performing managers in March were systematic, while technical managers occupied the lower and middle ground
Funds and fundamentals fluctuate in February
February saw fundamental managers occupy the middle ground while technical and systematic funds posted the best and worst returns
Systematic approach delivers in January
The second monthly round-up of hedge fund performance sees managers with a systematic approach top the table, while those with a technical approach and longer-term investment horizons suffered
Western Union joins forces with Travelex
LONDON – Western Union, the worldwide money transfer service, and Travelex, the world's largest non-bank foreign exchange payment firm, have signed an exclusive agreement whereby the latter offers Western Union's transfer service.
BOA falls in FX
NEW YORK – Bank of America (BoA) posted a fall-off in FX trading-related revenue for 2005 versus the previous year in its annual results released last week.
Fundamentals star in December
With hedge funds becoming increasingly interested in foreign exchange as a source of alpha, FX Week in conjunction with SEB and Mellon has collated data indicating how 35 leading hedge funds have fared over the last year and a half