WestAM launches currency hedge fund

Called WestAM Navigator Global Fixed Absolute Return Fund, the Cayman-domiciled fund is WestAM’s first in alternative investment, and was launched in response to client demand, said a spokesperson for WestAM in London. Clients are looking to take risk in asset classes that will bring more returns, as those from some markets, such as equities, have diminished, the spokesperson told FX Week.

WestAM added that the risk management of the fund is an integrated component of the investment process, an