FX round-up: UBS chooses Tradex
Euromoney, is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Foreign Exchange

FX round-up: UBS chooses Tradex

Connecticut-based currency manager Tradex Capital Markets has been awarded the management of UBS’s external allocation programme for FX-only investments. Tradex will assume responsibility for portfolio construction, maintenance and manager negotiations on behalf of UBS. Steve Jury, chief investment officer at Tradex, says: “In addition to the continued growth of our conservative, low-volatility fund, Tradex aims to move aggressively into the business of building customized multi-adviser platforms for asset managers, pension funds and government institutions. The unique funding possibilities in FX allow for the creation of portable alpha strategies that can be created with very low cash requirements. The firm is researching new ideas including notes, swaps and index development that we will likely market jointly with large financial institutions. Our wealth of FX market experience allows us to assess and quantify currency managers. This edge will enable us to help investors build return and avoid the pitfalls in a difficult and developing asset class.”

Gift this article