We are please to announce that our product profile was ranked in the Barclay Hedge Ranking award for October 2011.
This fund was ranked based on the data in BarclayHedge’s CTA database
In October, the unfolding of the European crisis was in the focus of market participants. At the European summit a new rescue package for Greece was structured. Governments and private institutions have decided on a haircut for the Greek debt. After the US has enacted the Volcker rule for banks, European banks will have to recapitalize by 106bn EUR and increase their core capital quota to nine percent.
Product profile AF generated 1.18% net profit. The high market volatility in October offered profitable trading opportunities in many of the currencies, in particular CHF, CAD and EUR.
To learn more about our managed accounts please visit Olsen Invest.
December 14th, 2011 | Investment, News | RSS feed