Mark Farrington, Macro Currency Group

Macro Currency Group launches currency UCITS

Macro Currency Group, the specialist currency investment boutique of Principal Global Investors with over USD4.3billion (as of 31 December 2011) in assets and offices in Sydney and London, announced this week the launch of a new Dublin-domiciled UCITS fund: Principal Global Investors Funds Multi Strategy Currency Fund. The fund is managed by Mark Farrington (pictured) and Dr Ivan Petej. It is the first time a currency vehicle has combined independent alpha and beta income streams in one product offering. The firm’s flagship Principal Global Opportunities Series Macro Currency Fund generated 19.7 per cent in 2011. The UCITS fund will draw upon the firm’s 17 years’ experience of fundamental-focused investing. The fund has been launched to help investors make a single allocation to enhance their portfolios as opposed to having to make multiple asset allocation decisions. “Combining our successful fundamental discretionary approach with a transparent, straightforward and effective systematic currency beta strategy, the Fund has been designed to provide clients with style and time diversification,” said Farrington, who in addition to being portfolio manager is also Head of Macro Currency Group. “This fund is additive to the industry and should mark the beginning of offerings that reduce the requirement on investors to make difficult investment style decisions.”  

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