Currency funds taking off
IFX Group and Saxo Bank are launching offshore funds aimed at attracting investment from funds of funds, hedge funds and high-net-worth individuals. London-based IFX Capital Management, a division of IFX Group, will launch the British Virgin Islands-based Zenith Currency Fund in February. It will use a technical methodology to identify trading opportunities arising from the daily intra-day movements on the world’s interbank FX markets in five major currency pairs.
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