Currency investment manager Overlay Asset Management has launched two funds: the SingleHedge Currency Options Fund and the SingleHedge Multi-Strategy Currency Fund.
Currency investment manager Overlay Asset Management has launched two funds: the SingleHedge Currency Options Fund and the SingleHedge Multi-Strategy Currency Fund.
The SingleHedge Currency Options Fund aims to achieve capital growth by taking active positions on currency volatility in addition to the direction of spot foreign exchange rates. This sets it apart from traditional currency strategies which focus on directional views. A discretionary strategy, it is managed by Xavier Lefevre, head of portfolio management and trading.
The Multi-Strategy Currency Fund is a feeder fund that seeks to deliver strong risk-adjusted returns through exposure to three underlying currency programmes managed by Overlay. Investments into the underlying strategies are made through zero-fee share classes.
The SingleHedge Currency Options and SingleHedge Multi-Strategy Currency programmes are also available as segregated managed accounts, with risk parameters and return targets tailored to the client.
Hélie d’Hautefort, managing director and chief investment officer, says: ‘By bringing the SingleHedge Currency Options Fund and the SingleHedge Multi-Strategy Currency Fund to the market, we recognise the demand for absolute return funds that offer a broader, more diversified range of currency investment strategies than has previously been available. At the same time we hope to underline our role as a leading player in institutional currency management based on our track record of expertise and a reputation for innovation.’
