Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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 JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter