Currency managers do make money, says Levanoni
Majority of FX managers still producing returns, despite perceptions
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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