Indosuez Off-Shore Currency Fund Racks Up Sales Of $138 Million
BANKS
Officials at Banque Indosuez confess that even they have been stunned by the success of its off-shore currency fund and are now looking to add a fourth currency manager to the fray in order to diversify further. Indosuez Currencies Limited, which starts trading next month, is now $138 million strong, says Didier Varlet, president of Chicago-based Indosuez subsidiary Carr Futures International.
Although the bank initially planned to split the fund between three managers, Ken Orr Investments, John
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