Currency managers do make money, says Levanoni

Majority of FX managers still producing returns, despite perceptions

Dori Levanoni at First Quadrant

The perception of currency management being in the doldrums is inaccurate, and fears of a mass failure of FX funds are unfounded, according to Dori Levanoni, co-director of global macro at asset management firm First Quadrant.

At the April 9 FX Invest North America conference in Boston, Levanoni noted that, according to his research, just over half of major currency management programmes came out of the post-2008 period in the black.

"Have FX managers really had it difficult recently? I

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