First Chicago Eyes FX Funds; Awaiting Regulatory Approval


First Chicago Corp. is planning to add its name to the growing list of institutions offering currency funds. Although it's still awaiting regulatory approval--a response is likely this month--First Chicago is setting its sights on launching two managed currency accounts, one offshore and one for U.S. investors, says Britt Swofford, senior vice president in charge of proprietary trading and managed accounts at the bank in Chicago.

"Initially it will be currency as the principal vehicle,"

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