Hathersage
Discretionary Absolute Return Currency Management
An exceptional team


Led by FX industry veterans Lewis Broad & Bill Lipschutz, the Hathersage team has worked together for 20 years.

The Sultan of Currencies, Bill Lipschutz, is featured in Jack Schwager's "The New Market Wizards."

Management - Institutional or Entrepreneurial? David Finstad examines investment manager performance.

Awards & Recognition

Trader Monthly
Married to the Market
After making his name as one of the most famous currency traders ever, you might think Bill Lipschutz would slow down. Think again ... read more

Risk
The Risk 20 Awards:
Currency Derivatives

Under Lipschutz, Salomon Brothers took heavy proprietary positions - reportedly making $300 million a year by 1985 ... read more

DB Select
Hathersage Capital is Deutsche Bank FXSelect 2007 Top Performing Manager
Hathersage was the top performer of 69 manager programs ... read more

An unequaled record
Source: Hathersage, Bloomberg LP

Hathersage's investment objective is to achieve consistent appreciation of assets over a long-term investment horizon, while preserving invested capital through limited drawdowns.

Hathersage's trading approach is discretionary. Drawing on the over 25 years experience of Bill Lipschutz, trade decisions are based on an understanding of fundamental and technical factors and executed in accord with a disciplined system of risk management.

Hathersage offers Managed Accounts using the strategies of two distinct programs:

Returns from Hathersage programs do not correlate with Market, Hedge Fund or FX Manager Style Indices, even in periods of extreme market dislocation, such as the crises in 1998, 2001, 2007 and 2008.

Analyze the 16 year track record of our Currency Programs using your own investment amounts, dates and indices for comparison:

Download One Page Program Overviews and Rolling Returns for investment periods ranging from 1 month to 10 years.

A unique view ahead

Sydney 2009
FX Management Forum
Sydney 2009

Managing Currency in an Era of Global Economic Uncertainty

Lynnelle Jones
spoke on:
FX and Portable Alpha ... more

In The News

Les Echos
FX, A New Asset on the Menu for Investors
A minority of FX managers have been able to deliver consistently superior performance over the years and Bill Lipschutz is one of them ... read more

Alpha Magazine
Currency of Change
Bill Lipschutz takes a short break from trading to discuss the outlook for the currency markets with Alpha Senior Writer Frances Denmark  ... read more

Global Pensions
The Perfect Portfolio
Partnership

Lynnelle Jones and Sorina Givelichian argue that portable alpha and absolute return currency management are a perfect fit ... read more

Euromoney
How Lipschutz Downsized to Bigger Things
Bill Lipschutz talks to Helen Avery about developing trends and why FX is now catching the eye of institutional investors ... read more

Alpha Magazine
Foreign Exchange Comes of Age – Pension funds, endowments and insurance companies have begun to seek exposure to active currency management ... read more

FOR INFORMATION ONLY. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Hathersage