Royal County of Berkshire Pension Fund awards currency mandate to FX Concepts

London - 29 April 2009

New York-based currency manager FX Concepts announced today that it had been awarded an active currency management mandate by the Royal Borough of Windsor & Maidenhead acting as administering authority for the Royal County of Berkshire Pension Fund.

The mandate was awarded to FX Concepts was for the sterling share-class of the firm’s flagship Global Currency Program (GCP) and follows several similar mandates by UK local authorities during the three years FX Concepts has been present in the UK.

“We’re delighted that Berkshire has made a commitment to active currency and has put its faith in FX Concepts and our GCP Program” says Daniel Szor, Managing Director of FX Concepts’ London office. “We believe that the increased volatility in the FX market will provide significant opportunities for our investors during coming years”.

FX Concepts is a global investment firm specializing in active currency management. The company has over $11.5 billion in assets under management in active currency programs for institutional clients worldwide. Established in 1981 by its current Chairman John R. Taylor, FX Concepts is headquartered in New York Since 2006 FX Concepts’ UK subsidiary, FX Concepts (UK) Ltd (authorized and regulated by the Financial Services Authority) has allowed the company to substantially increase its activities in the UK market and Europe.

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