IKOS FX launches new model trading fund
The award-winning IKOS FX fund this month launched a new UCITS-compliant fund that will systemically trade G10 currencies, reports Absolute UCITS, a sister publication of EuromoneyFXNews
The fund will gain exposure to a notional basket of currency transactions via over-the-counter swap transactions, and will trade on the Deutsche Bank Platinum platform, the publication says. Last year, IKOS FX was awarded fund of the year in the commodities and currency category by EuroHedge.
“I believe that the remainder of 2011 will continue to present investment opportunities for the firm’s various strategies as a result of the ongoing dispersion in the global markets, with many models contributing to alpha and generating profitable returns for our investors,” Elena Ambrosiadou, chairman and chief executive of IKOS, tells Absolute UCITS.
The IKOS FX strategy has been on the dbSelect Platform since 2006 and has a track record through managed accounts and fund classes. Deutsche’s dbSelect allows access to liquid hedge fund strategies, such as managed futures, CTAs, currency, global macro, volatility arbitrage and commodity strategies, with more than 75 pure FX strategies available, with more than $5 billion in assets under management.
IKOS is one of Europe’s longest-established alternative investment firms and manages assets of $2.5 billion.