OAM, Merk launch forex funds

DUBLIN - Overlay Asset Management (OAM), an investment management firm based in Dublin owned by BNP Paribas, announced the launch of two currency funds on September 8, to offer institutional clients greater currency portfolio diversification.

The SingleHedge Currency Options Fund, initiated on June 19, takes positions on currency volatility in addition to the direction of spot rates, which OAM claims provides uncorrelated returns to other currency funds. The fund takes positions in sterling

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