Barings launches new currency fund

The Baring Alpha Currency Fund carries a fundamental, macro, long/short strategy, which aims to provide high absolute returns expected to be uncorrelated to equities or bonds. The fund is expected to launch next month with between $10 million and $20 million of capital.

Colin Harte, London-based manager of the fund, said the recent trend to increasingly allocate to high-alpha currency funds will continue, as currencies become a preferred source of diversification to reduce portfolio risk and

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