Investors boost forex fund returns

The emergence of forex as an asset class and an increase in the number of new FX funds has been well documented, but reported returns bring new evidence of the extent of increased activity and profits.

New York-based currency investment firm FX Concepts -- one of the pioneers in the field, with programmes active since 1989 -- has seen returns so far this year of 14.43% for its Developed Markets Currency (DMC) programme and 18.49% for its Global Currency programme. Returns from DMC -- which in