Currensee has launched its Trade Leaders Investment Program for institutional clients and their investors. HedgeCo Securities LLC, a subsidiary of HedgeCo Networks, will also be introducing the Currensee Trade Leaders Investment Program to its growing network of institutional investors.
For financial institutions seeking to expand portfolio offerings, the Trade Leaders Investment Program provides a turnkey foreign exchange (Forex) investment service. The new service enables hedge funds, money managers, family offices and other asset gatherers to tap into the USD4 trillion daily Forex market by leveraging the elite Currensee network of Trade Leaders.
Financial institutions also have the benefit of managing risk on each client portfolio by using the new Currensee Risk Management Control Center, which provides professional-level tools to help manage risk and exposure. Using the Risk Management Control Center, money managers can specify maximum drawdown and set leverage requirements for each Trade Leader, providing an effective way to protect their clients’ investments while maximising allocated capital.
"The volatility of the stock market is creating new opportunities for managers to look outside of equities and fixed income for an uncorrelated asset class that provides the ability to diversify," says Evan Rapoport (pictured), CEO of HedgeCo Securities. "We’re excited to work with Currensee and the quality of its Currensee Trade Leaders network, the transparency of the program and its state-of-the-art risk management tools that make the program a viable investment service to offer our network."
Through the program, accredited investors in the extensive HedgeCo Securities network that are introduced to Currensee will have transparent, online access to the Currensee Trade Leaders network, an elite group of Forex traders recruited by Currensee through a rigorous due-diligence process. Via the Trade Leaders program, institutional money managers have direct access and control of asset allocation. They can easily create diversified Forex portfolios by selecting individual Trade Leaders based on track record, trading strategy and risk management practices. Once the manager creates a portfolio and allocates funds to Trade Leaders, the Currensee trade replication technology enables an investor in New York to receive the same trades as a Trade Leader in China, resulting in unprecedented diversification and asset allocation.
"HedgeCo’s decision to introduce its impressive qualified network to Currensee will give institutional investors the ability to invest in the foreign exchange market through the Currensee Trade Leaders. It reflects the growing appeal of the world currency markets as a viable alternative asset class and the unique ability of our investment offering to provide financial institutions with access to this market," says Currensee CEO Dave Lemont. "The track record of the Currensee Trade Leaders is second to none, with cumulative performance results regularly outperforming the stock market, gold and other asset classes and risk management practices and controls provide an innovative balance of returns and risk control."
