Carry trade
Currency carry trade losses overshadow diversification benefits of currency
Currency manager Ugo Lancioni says investors still scarred by losses linked to carry trades are missing out on the diversification benefits of other strategies. Saima Farooqi reports
Currency managers speak out on currency risk, safe havens, regulation and China
Saima Farooqi asks four industry experts to describe their experiences during 2012, and what they are looking forward to in 2013
Are currency managers adding value?
Latest edition of FX Invest now available
Carry makes a muted comeback as investors hunt for yield
The carry trade showed some signs of resurgence during the second quarter but currency managers remain lukewarm about the strategy in an uncertain economic environment
Managing currency risk: the buy-side perspective
Saima Farooqi asked six industry experts to describe their strategies to navigate through a challenging 2012
Amundi signs MIM for currency account
Risk-on, risk-off markets boost demand for active currency management
Carry trade yields 5% annual returns
Carry trades can produce surprisingly high returns, but beware unexpected volatility shocks, write Lukas Menkhoff, Lucio Sarno, Maik Schmeling and Andreas Schrimpf
Spotlight on: Neil Record, Record Currency Management
The founder and chair of Record Currency Management talks to Robert Mackenzie Smith about the growth of the firm over the past three decades, as well as the challenges posed by the financial crisis and his shortlisted entry for the Wolfson Economics Prize
Why the consensus is wrong on USD/JPY
RBC Capital Markets has taken a contrarian view on the yen for several years, predicting it would strengthen against the US dollar while the consensus forecast was for yen strength. After the bank’s contrarian view has proved accurate, Adam Cole argues…
Japan’s new leverage limit will hurt carry trade, says Glenn Stevens
Japan FSA's 25:1 leverage limit implemented on August 1 could kill the popularity of the carry trade for retail investors, says Gain Capital's chief executive
Spotlight on: Glenn Stevens, Gain Capital
The retail broker’s chief executive talks to Farah Khalique about the changing nature of retail foreign exchange, the advent of tighter leverage limits in the US and Japan, and Gain Capital’s recent acquisition of dbFX from Deutsche Bank
FX Invest: Volatility trading comes up trumps in June
RBS research shows short-volatility strategy would have been top performer in June
Contrarian view boosts RBC to top of the 12 month rankings
RBC Capital Markets (RBC) topped the 12-month currency forecast rankings by maintaining its contrarian view on yen and Swiss franc strength.
Pension funds boost investment in FX
Pension funds are increasingly investing in FX as an asset class, said Thanos Papasavvas, head of currency management at Investec Asset Management, at last Tuesday's (November 16) FX Week Europe conference in London.
Citi indexes offer low-cost forex exposure
Citi has launched the CitiFX Beta Indexes series, aimed at providing investors with an inexpensive, flexible means of accessing foreign exchange as an asset class.
Yield strategy comes up trumps in September
Carry traders would have been the top performers among currency managers in September, indicates research from the Royal Bank of Scotland.
RBC gets bullish on USD
RBC Capital Markets tops this week’s one-month currency forecast rankings due to a bullish view on the yen.
db x-trackers launches currency ETFs in London
LONDON - db x-trackers, Deutsche Bank’s exchange-traded fund (ETF) platform, launched two ETFs linked to the DB Currency Returns Index (DBCR) last week.
BIS highlights risks of resurgent carry trade
Rate differentials make carry trades attractive, but this could cause trouble