First Chicago Launches Funds: Derivatives First, Currency Later


First Chicago Trading Consultants, the wholly-owned funds management subsidiary of The First National Bank of Chicago, has launched the first of two planned funds. The First Chicago Diversified Asset Fund began trading in early April and the First Chicago Global Currency Fund will be ready to accept new investments in the next couple of weeks.

The funds management division evolved out of First Chicago's proprietary trading desk in 1992 and is now run by David Harvey, the corporate senior vice