FX Concepts to launch new UCITS fund

London - 6 July 2009

New York-based currency manager FX Concepts announced today the launch of a new Luxembourg-domiciled fund investing in its flagship Global Currency Program (GCP). The fund has been set up in conjunction with Deutsche Bank.

“Investor interest in active currency strategies has been very strong this year, and we’re delighted to make our Global Currency Program available to investors in UCITS format” said John R. Taylor, Chairman and CEO of FX Concepts. The new fund offers daily liquidity and has a €25,000 minimum. Investments are fully collateralized and ring-fenced in accordance with the UCITS III directive. The fund will offer share classes in Euro, US Dollars, Sterling and Yen.

“In the current financial climate, investors are looking for strategies which offer maximum liquidity and transparency”, says Daniel Szor, Managing Director and head of FX Concepts’ London office. “FX fits these criteria very well, and now clients can participate through a fund which offers daily liquidity and minimized counterparty risk”. The Global Currency Program invests in a diversified portfolio of 20-25 currency positions chosen from a universe of over 30 currencies. The program targets annualized returns of 10-15% with low volatility and has a track record of over eight 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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