Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Daniel Stewart partners with Swiss firm to launch forex fund

Daniel Stewart partners with Swiss firm to launch forex fund

Broker and wealth manager Daniel Stewart & Company is partnering with Swiss firm Mercury Forex to launch a foreign exchange fund.

Daniel Stewart said it was seeking to capitalise on economic volatility and what it views as the optimum conditions it creates for forex funds with the launch.

The fund, managed by John Birkins, will draw on the firm's experience trading the major G7 currencies and their crosses short-term and intra-day and has traditionally taken a contrarian approach.

The Daniel Stewart Mercury Forex Currency fund will be open to institutional investors and will launch at the beginning of next year. The fund will be seeded with internal assets, with the firm looking to raise an additional £10 million at launch externally.

Peter Shea, CEO of Daniel Stewart, said: 'We strongly believe that ongoing volatility in currency markets provides excellent opportunities for investors to boost returns compared to the relative weakness of equities and bonds.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: change is the only constant for Quilter Cheviot

Profile: change is the only constant for Quilter Cheviot

This is not the first time we have profiled David Miller, but at the time of his previous appearance his company looked very different.

Wealth Manager on Twitter