Harmonic Capital strikes balance between voice and electronic

Patrik Safvenblad at Harmonic Capital

A substantial decline in volatility during 2012 made it a difficult year for investors to match the returns they had generated from foreign exchange in previous years, but Harmonic Capital Partners, a London-based macro hedge fund manager, saw its currency trading programme deliver a return of 25.41% in 2012, a marked contrast to the –14.85% result in 2011.

Harmonic Capital Partners was founded in 2002 and had around $913 million in assets under management at the end of 2012. With 22 staff in

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