Gartmore is continuing its series of alternative investment product launches with the introduction o...
Gartmore is continuing its series of alternative investment product launches with the introduction of its first ever currency hedge fund.
The AlphaGen Currency Fund invests in seven different currencies including the yen, dollar, sterling, euro, Swedish kroner, Norwegian kroner and Canadian dollar. The fund will have a minimum investment of $100,000.
Although Gartmore has been managing a currency overlay strategy since 1989, this is its first currency hedge fund.
Graham Martin, hedge fund account director at Gartmore, said: "The strategy used for the portfolio is two-thirds driven by a trend and forecast model, with the remaining third being driven by the managers own personal judgements.
"For example, if the trend and forecast model tells the managers to take risk off the table then the managers can not override. But, if the models tell the managers to put risk on the table, then the managers make their own personal judgements on whether to invest or not."
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation