New currency hedge fund launches in Singapore

Rhicon Currency Management begins trading its global forex fund in tough market conditions.

Three ex-Swiss bank currency traders have teamed up to launch the Rhicon Global Forex Fund, a hedge fund headquartered in Singapore and focusing on G7 currencies. It is one of very few pure currency hedge funds in the region and has launched in particularly difficult market conditions.

Following the meltdown caused by the September 11 attacks on the US, the fund opened with a small $1.5 million in investments from private individuals but the fund's managers, Rhicon Currency Management RCM, soon hope to be handling large discretionary accounts for some European banks. The first such account is likely to be worth $50 million.

The fund applies a discretionary technical trading methodology that combines...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222