Hathersage

About FX

FX Events

FX Invest EuropeFX 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

 

Buyside FX Roundtable

September 26, 2006
New York, NY

 

Endowment & Foundation Forum

September 13-15, 2006
Boston, MA

 

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.

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 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

FX News
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

 
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