Currensee, which launched the first forex social network, is expanding its flagship Trade Leaders Investment Program to institutional clients. The current turmoil in the markets leaves little safe havens for such investors. Movements in currencies provide an interesting investment opportunity.
The launch is accompanied with a significant cooperation: Currensee has partnered with HedgeCo Securities, a network of hedge funds and investors. This will provide various asset gatherers to access to the forex market through the TLIP program.
Currensee enables investors as well as private traders to invest in selected forex traders, the same way as you would invest in mutual funds. You can check it out here (affiliate link).
For all the details about this announcement, read the official press release below:
Currensee Launches Foreign Exchange Investment Service for Institutional Clients
Announces Institutional Marketing Deal with HedgeCo Securities LLC
BOSTON – Nov. 17, 2011 – Currensee (www.currensee.com), the leader in bringing the world currency markets to investors and financial institutions across the globe, today launched the availability of its Trade Leadersâ„¢ Investment Program for institutional clients and their investors. The company also announced that HedgeCo Securities LLC, a subsidiary of HedgeCo Networks, the extensive network of hedge funds and accredited investors, will be introducing the Currensee Trade Leaders Investment Program to its growing network of institutional investors. For financial institutions seeking to expand portfolio offerings, the Trade Leaders Investment Program provides a turnkey foreign exchange (Forex) investment service. The new service enables hedge funds, money managers, family offices and other asset gatherers to tap into the $4 trillion daily Forex market by leveraging the elite Currensee network of Trade Leaders.
Financial institutions also have the benefit of managing risk on each client portfolio by using the new Currensee Risk Management Control Centerâ„¢, which provides professional-level tools to help manage risk and exposure. Using the Risk Management Control Center, money managers can specify maximum drawdown and set leverage requirements for each Trade Leader, providing an effective way to protect their clients’ investments while maximizing allocated capital.
“The volatility of the stock market is creating new opportunities for managers to look outside of equities and fixed income for an uncorrelated asset class that provides the ability to diversify,” said Evan Rapoport, CEO of HedgeCo Securities. “We’re excited to work with Currensee and the quality of its Currensee Trade Leaders network, the transparency of the program and its state-of-the-art risk management tools that make the program a viable investment service to offer our network.”
Through the program, accredited investors in the extensive HedgeCo Securities network that are introduced to Currensee will have transparent, online access to the Currensee Trade Leaders network, an elite group of Forex traders recruited by Currensee through a rigorous due-diligence process. Via the Trade Leaders program, institutional money managers have direct access and control of asset allocation. They can easily create diversified Forex portfolios by selecting individual Trade Leaders based on track record, trading strategy and risk management practices. Once the manager creates a portfolio and allocates funds to Trade Leaders, the Currensee trade replication technology enables an investor in New York to receive the same trades as a Trade Leader in China, resulting in unprecedented diversification and asset allocation.
“HedgeCo’s decision to introduce its impressive qualified network to Currensee will give institutional investors the ability to invest in the foreign exchange market through the Currensee Trade Leaders. It reflects the growing appeal of the world currency markets as a viable alternative asset class and the unique ability of our investment offering to provide financial institutions with access to this market,” said Currensee CEO Dave Lemont. “The track record of the Currensee Trade Leaders is second to none, with cumulative performance results regularly outperforming the stock market, gold and other asset classes and risk management practices and controls provides an innovative balance of returns and risk control.”
For more information about the Currensee Trade Leaders investment service for institutions, please visit www.currensee.com/biz.
Currensee (http://www.currensee.com/) is the alternative investment service that puts the power of world currency markets in the hands of every investor. With the Currensee Trade Leadersâ„¢ Investment Program, investors build their own automated trading portfolios of Trade Leaders, top foreign currency traders hand picked from the thousands of members of the Currensee social network. The program offers investors an alternative to traditional asset classes and Trade Leader performance is completely uncorrelated to the stock market. Currensee delivers complete account control to investors, who can see every trade in real time, manage and modify investment allocations with one click and benefit from the safety and security of proprietary online investing technology. Currensee is funded by North Bridge Venture Partners, Egan-Managed Capital and Vernon & Park Capital and is a member of the National Futures Association (NFA) and registered by the Financial Services Authority (FSA). For more information, visit us at www.currensee.com. Find us on Facebook (http://www.facebook.com/
Full disclosure: I am affiliated with Currensee.