New investors spur 2004 forex growth
This was the conclusion of a report from Greenwich Associates published last week. Investors encouraged by volatility in the market and poor returns elsewhere have flocked to FX, according to Fran Feenstra, consultant at the research firm.
The report stated that there was an increase of 63% in FX trading volume by hedge funds to $62 billion in 2003 over 2004. Feenstra said hedge funds had been particularly interested in exploiting the asset class given last year's market conditions. "When you
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