- Advertisement -
- Advertisement -

Related

Systematic FX Finally Taking Off

Industry Report

- Advertisement -

Stockholm (HedgeNordic) –Swedish FX International AB joined forces with Slovakian asset management firm Valor o.c.p. to launch a systematic hedge fund trading in foreign exchange markets, called Valor Global FX.

Valor Global FX aims to generate absolute returns in all types of market conditions by entering into short-term positions in foreign exchange markets. The fund’s model relies upon Valor’s time-tested systematic mathematical-statistical strategy for entering and exiting both long and short positions. The freshly-launched fund targets an annual return in the range of 4%-to-10%. The strategy developed by the Slovakian asset manager reportedly generated returns over the range above in recent years.

“It feels good that we finally launched Valor Global FX. The fund is an alternative investment vehicle that we know that many investors have shown interested in. We are now looking forward to seeing future performance for the fund,” Lars Eriksson, CEO of FX International, told HedgeNordic.

Valor Global FX was initially slated to launch in mid-August with seed capital in the range of €3-to-€8 million, but the take-off was delayed because the opening of the fund’s segregated account took longer than expected. Although the exact amount of assets under management at inception is unknown, Valor added €1 million in capital at the time of the launch and pledged to inject an additional €9 million within the following 12 months.

FX International, a financial firm engaged in algorithm-based currency trading, serves as the advisor to Valor Global FX. The fund is geared towards institutional investors and aims to attract at least €100 million in assets under management within the next two years.

Picture © isak55 – Shutterstock

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Rising Adoption of Quantitative Investment Strategies Among Nordic Investors

From a high-level perspective, there is a clear trend of increasing adoption of quantitative investment strategies (QIS) among Nordic institutional investors, either through the...

EU Plans Stress Test for Hedge Funds and Non-Bank Firms

European regulators are planning a stress test to identify vulnerabilities beyond the traditional banking sector, focusing on less regulated entities such as hedge funds,...

ALCUR Fonder Continues Hiring Spree

Following two earlier additions this year, ALCUR Fonder continues to expand its portfolio management team at a notable pace. The Stockholm-based hedge fund boutique...

Nordic Private Markets Modernize with Data-Centric Trade Lifecycle Automation

By Anders Stengaard Jensen at Indus Valley Partner: In recent years, asset managers in Nordic countries have accelerated efforts to modernize trade operations, particularly...

Norwegian Hedge Fund Industry Sees Major Boost with New Launch

The Swedish and Danish hedge fund industries remain closely matched in size, with Denmark recently edging ahead of Sweden. While still less than half...

Atlant Funds Hold Up in May Despite Mistimed Market Call

Macroeconomic and market forecasts are notoriously difficult, even for experienced hedge fund managers. What matters more than being right, however, is ensuring that incorrect...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.