FX Week

ABN Amro AM doubles funds under management

Pierre Lequeux, head of currency management at AAAM in London, said having attracted $28 million to its open-ended fund, $100 million for the 10-year note that is yet to close and additional mandates, AAAM has more than doubled the funds it manages year-on-year. "The total under active management has now reached $660 million seeking a return of 12%–15%," he said, up from $292 million in 2003. This is in addition to the $10 billion passively managed through AAAM's global fixed-income mandate.