HedgeCo.net – STAMFORD, CT, January 16, 2007 * Parker Global Strategies (PGS), who have tracked FX managers since January 1986 in their widely published Parker FX Index, today announced the launch oftheir first investable foreign exchange index — PGS FX Alpha Edge.
PGS FX Alpha Edge is designed to capture alpha available in the global currency markets, as well as to provide a return stream with low correlation to equity, fixed income, commodity markets and mosthedge fund strategies.
“FX managers are under-represented in most investors’ overall portfolios, yet there is an increasing realization that FX should be treated as a distinct and separate asset class,” said VirginiaParker, President and Founder of PGS.
“The timing could not be better for this flexible vehicle as it affords FX exposure as a diversifier for a fund-of-funds, as a portable alpha program, or as FX overlay for global portfolios,” Ms.Parker added.
The Index is available in US$, ?uro, and JPY denominations. Investors may elect to access the Index via a customized swap or direct investment in a fund.
PGS FX Alpha Edge uses the Deutsche Bank FXSelect platform. Through the platform, investors have the benefits of manager due diligence conducted by both PGS and Mercer Investment Consulting, amanaged account platform with full transparency, daily estimated NAVs, aggregate FX exposures, and risk reports.
PGS applies proprietary quantitative and qualitative analysis in constructing the 16 manager index, including 8 distinct strategies. Managed by a 13 person team led by Virginia Parker, PGS has fullflexibility and discretion to adjust allocations or reallocate among the 70 managers on the Deutsche Bank platform.
Parker Global Strategies, LLC (www.parkerglobal.com) provides institutional and high-net-worth clients with customized fund-of-hedge funds, investing acrossa broad spectrum of strategies, markets, and regions. The Firm is known for its innovative investment solutions, including index linked products, portable alpha, and its comprehensive riskoversight.
Sophie Sophaon l Walek & Associates l Office: 212.590.0522 l Cell: 202.270.4870 l ssophaon@walek.com
