Bank of America traders launch forex hedge fund


Westport, CT -- Three senior forex traders from Bank of America (BofA) in New York launched Scalene Partners, a new intra-day forex hedge fund, in May, they announced last week.

David Greenwald, BofA’s head of FX trading, Ken Kristensen, a senior euro trader and Todd Andrews, a dollar/Swiss trader, now join the growing ranks of bankers turning to buy-side FX as a range of factors makes the move more profitable than ever.

First, explained Greenwald: "There’s not nearly enough competitive advan