The Daniel Stewart Mercury Forex Currency Fund is set to start trading in April 2013. Aimed at expert and institutional investors, the Gibraltar-based fund has been launched in conjunction with Swiss firm, Mercury Forex.
The fund is headed up by ex-Credit Suisse director John Birkins, who has over 30 years’ experience in the forex markets. Together with his team Birkins plans to focus on short term and intraday trading opportunities in eight currencies and their crosses. These are US dollar, Japanese yen, Swiss franc, sterling, Canadian dollar, euro and both the Australian and New Zealand dollar.
Mercury Forex says its uses in-house fundamental analysis which it describes as a contrarian trading strategy and a “highly disciplined approach to risk.” Such an approach has generated an 18 year track record of what it says have been “outstanding returns.”
Explaining the lead period to commencing trading from the initial launch announcement of the fund late in 2012, CEO Birkins says, “Our strategy and timing for the launch of this fund have been further vindicated by the ongoing economic volatility and consequent opportunities for forex traders to maximise profits.”
Gibraltar-based international law firm, Hassans, will advise the fund
Has been cold-calling consumers
New shares admitted to London Stock Exchange
Slow and steady growth
Missed funding target by £240,000
Denies any wrongdoing