Swiss investment firm Woodman Asset Management has announced the launch of a new Ucits compliant global currency fund.
The Woodman Global Currencies Fund will be managed by Lasse Andersen, head of FX Trading and Thomas Wind, head of FX and Emerging Markets with the support of analyst Jerome Tremblay.
The fund, whose base currency will be the US dollar, currently manages $12m (€10.6) and aims to double its assets over the next few weeks. It will invest predominantly in G20 currencies and to a lesser extent in Emerging Markets currencies.
“The foreign exchange market is the largest and most liquid market in the world, where central banks have disrupted currency valuations over the past few years, creating an opportunity-set that has heavily influenced the returns of traditional investment portfolios”, comments Lasse Andersen. “We believe central banks will continue to impact the markets, which will continue to create value opportunities and uncorrelated returns” he adds.
The Woodman FX team currently manages $470m (€417.8m) in mandates and advisory accounts.