Daniel Stewart to launch forex fund
Daniel Stewart & Company, the London-based investment bank offering corporate advisory, institutional stock broking and wealth management services, is to launch a foreign exchange fund, The Daniel Stewart Mercury Forex Currency Fund.
Open to institutional and “expert” investors, the fund is scheduled to begin trading at the beginning of next year and will be managed by Mercury Forex AG, a Swiss registered, regulated and authorised company.
Headed by John Birkins, who has over 30 years’ experience trading in the forex markets, Mercury Forex AG has a 16 year track record of generating outstanding returns primarily in spot forex typically trading the major G7 currencies and their crosses either short-term or intraday.
Birkins says: “Much of this success is attributed to our three core building blocks, specifically, frequent application of a contrarian trading strategy, appropriate levels of diversification and an extremely disciplined approach to risk management.”
Peter Shea, chief executive at Daniel Stewart, says: “We are absolutely delighted to be partnering with Mercury Forex for the launch of our first Forex fund, particularly with an investment manager of John Birkins’ calibre. By collaborating with Mercury Forex, Daniel Stewart is extending Mercury Forex’s overall distribution across the UK, Middle East and Asia, as well as enhancing Daniel Stewart’s offering to its client network. We strongly believe that ongoing volatility in currency markets provides excellent opportunities for investors to boost returns compared to the relative weakness of equities and bonds.”
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