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| Capricorn in the News | » Back | | | | -- Capricorn's FXG10 Product Available as a USD-Based Fund
Established as a CHF denominated offshore fund, the Capricorn FXG10 strategy is now investible in several share classes and as a US onshore fund.
REGENSDORF, Switzerland, March 2 (PRNewswire) -- In April 2008 Capricorn launched its offshore FX fund trading G10 currencies, which returned over 20% in nine months. The strategy is categorized as being Long Term, Fundamental that seeks alpha opportunities by exploiting exchange rate differentials combined with directional trading views.
"As interest rates began to converge, it became a challenge to generate positive returns by focusing primarily on the yield. Therefore, we developed the strategy to include directional views on the 'carry' currencies." This increased the alpha seeking opportunities explained Klaus Oesterballe the recently appointed Capricorn Global Head of Sales. The FXG10 USD Fund will be seeded with $500,000 and launched in March 2009. Strategy assets will be just below US$12m, however with the imminent launch of the US Onshore Fund passing US$25m by year end is a realistic target.
For further information please access our website at: http://www.capricornfx.com
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