About FX
FX Invest Europe 2010
March 9, 2010
Zurich
Dr. Momtchil Pojarliev, CFA,
Director and Senior Portfolio Manager for Hathersage, will chair the conference and moderate the panel discussion:
FX and the Evolving Market Landscape
- The drivers behind the changing market
- The new liquidity environment and how your priorities changed
- The impact of the lack of credit availability
- Managing settlement risk
- How has FX performed during the recession and what is likely to happen post-crisis?
FX Event Reports
Alpha Hedge
April 26-28, 2009
San Francisco
FX Invest USA 2009
April 7, 2009
Chicago
FX Invest Europe 2009
March 24, 2009
Zurich
Global Pensions Currency Management Forum
February 16, 2009
Sydney, Australia
European Alternative & Institutional
Investing Summit
October 27-29, 2008
Monte Carlo, Monaco
Endowment &
Foundation Forum
October 19-21, 2008
Boston, MA
Alpha Max 2008
May 7-9, 2008
Madrid, Spain
FX Invest USA
April 9, 2008
Chicago, IL
10th Annual Alternative
Investing Summit
December 2–4, 2007
Laguna Niguel, CA
Portable Alpha & 130/30 Strategies USA
November 7–9, 2007
New York City
Risk USA
November 5–8, 2007
New York City
9th Annual Endowment &
Foundation Forum
October 10-12, 2007
Boston, MA
2nd Annual
Hedge Fund Trading
July 16-17, 2007
New York City
Family Office &
Private Wealth
Management Forum
July 11-13, 2007
Newport, Rhode Island
Innovative Investment Strategies
for Pension Funds
April 25-26, 2007
London
FX Invest 2007
April 3, 2007
Chicago, IL
Foreign Exchange & Commodity Summit
for Institutional Investors
March 19-21, 2007
Ritz Carlton, Chicago, IL
Global Asset Allocation
Summit and Awards
February 25-27, 2007
Santa Barbara, CA
FX Trading & Management
2006
November 1, 2006
New York, NY
AlgoTrading 2006
October 23-24, 2006
New York, NY
September 26, 2006
New York, NY
Selected READINGS
Currency Manager Performance: Alpha or Beta?
Momtchil Pojarliev and Richard Levich look at the difficulties in benchmarking currency managers and develop a model to separate alpha from beta.
- Do Currency Managers Beat the Benchmark?
- Style Differences, Style Persistence and
Performance of Currency Fund Managers
Articles by Dr. Momtchil Pojarliev, CFA
A comprehensive library of the recent publications and working papers by Hathersage's Senior Portfolio Manager.
Currency Alpha Revisited
Andrew Taylor makes the case for currency alpha mandates, looks at implementation issues and then analyses in detail the major strategies currently employed.
Institutional or Entrepreneurial Management?
David Finstad derives an alternative approach to investment manager selection from an analysis of organizational factors and their effect on manager performance.
The Adaptive Markets Hypothesis
Andrew W. Lo of MIT proposes a new framework that reconciles market efficiency with behavioral alternatives by applying the principles of evolution to financial interactions. He then offers a number of surprisingly concrete implications for the practice of portfolio management.
- The Adaptive Markets Hypothesis:
Market Efficiency from an Evolutionary Perspective - Reconciling Efficient Markets
with Behavioral Finance:
The Adaptive Markets Hypothesis
- Efficient Markets Hypothesis
The
Sultan of Currencies
"It is estimated that, on average, $1 trillion is traded each day in the world currency markets. In this huge market, there has been only a handful of high-stakes players. Ironically, although these traders sometimes take positions measured in billions of dollars they are virtually unknown to most of the financial community, let alone the public. Bill Lipschutz is one of these traders." ... read more
| 3/24/09 | FX to the Fore:
Risk & Return in a Post Crisis Era Momtchil Pojarliev joins colleagues at the 2009 FX Roundtable discussion .... read |
| 2/18/08 | FX, A New Asset on the Menu for Investors The FX market demands a high level of expertise, and only a minority of managers have been able to deliver a consistently superior performance .... read |
| 11/20/07 | Currency of Change Bill Lipschutz discusses the outlook for the currency markets with Frances Denmark of Alpha Magazine .... read |
| 8/21/07 | FX Series with Hathersage Capital – II Bill Strack, Hathersage Director, Portfolio Management looks at FX strategies and returns. ... read |
| 8/14/07 | FX Series with Hathersage Capital – I Lynnelle Jones, Hathersage Director of Client Services and New Product Development explains absolute return currency management. ... read |
| 8/1/07 | The Perfect Portfolio Partnership Lynnelle Jones and Sorina Givelichian argue that portable alpha and absolute return currency management are a perfect fit ... read |
| 7/1/07 | The Risk 20 Awards: Currency Derivatives Under Lipschutz, Salomon took heavy proprietary positions - reportedly making $300 million a year by 1985 ... read |
| 5/28/07 | Russell, Hathersage Vets Seek to ID Role of FX |
| 10/1/06 | Married to the Market |
| 8/28/06 | Why Are FX Returns Down? |
| 8/1/06 | How Lipschutz Downsized to Bigger Things |
| 6/30/06 | Foreign Exchange Comes of Age |
| 6/26/06 | Hathersage FX Trades
Are All About Options |
| 4/5/06 | Changes in FX Market
May Cause Shakeout |
| 3/30/06 | Slumping FX Funds Bet on Soft Dollar and Emerging Markets |
