FX Concepts, Inc. Courts Pension Funds Eyes Future As Investment Managers

NON-BANKS

After battling to establish itself as one of the prominent technical advisory services in the foreign exchange market during the eighties, FX Concepts, Inc. (FXC) has set its sights on a new field.

"The basic plan is to grow the investment management side," says managing director John Serhant, who sees "an enormous market" in managing pension funds' currency risk.

Although FX Concepts has built an impressive list of clients, which now number 265 world-wide, they are primarily banks. Convincing

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