Yield-Hungry Investors Are Re-fueling the Currencies Trading Market
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Foreign-exchange managers are back in vogue.
Millennium Global Investments has received $1.7 billion this year for funds that manage currency exposure to boost returns, after attracting no new cash in the same period of 2014. Adrian Lee & Partners, another specialist in the so-called overlay strategies, has grown its funds by 50 percent in the past year to $6 billion.