Manufacturers Hanover To Launch Currency Fund Chemical's Stanley Tapped To Head Marketing

BANKS

Manufacturers Hanover Trust Co. in New York is about to launch a currency fund and has hired Thomas Stanley from Chemical Bank to spearhead its marketing and sales efforts. The Currency Performance Fund, an offshore fund that will be managed by an outside advisor and will be aimed primarily at foreign institutional money managers, is slated to be unveiled this spring, sources at the bank say.

Although there were reports that the bank would launch the fund last fall (FX Week, October 5),

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