Pimco reaps "great" currency returns
The firm launched the Dublin-based GIS (Global Investor Series) FX Strategies fund in April last year and is beating its own target rate of an annual return of 2% above Libor (the London interbank offer rate).
"At the moment we have achieved an accumulated Libor plus 20 basis points for the past nine months gross of fees. gross of fees. As per the end of January the absolute fund performance since inceptions was +2.9%." said Kressin. As the fund is new, there is no exact information ratio
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