| May 10, 2006 | -- Capricorn achieves recognition as a currency alpha manager
SEB (Skandinaviska Enskilda Banken AB) has approved Capricorn as one of the currency managers in its “Managed Alpha Product”.
(PR Leap) May 10, 2006 -- A leading North European Bank, SEB (Skandinaviska Enskilda Banken AB) has approved Capricorn as one of the currency managers in its “Managed Alpha Product” being offered to professional investors.
The SEB Managed Alpha Product (FX MAP) is a tool whereby investors are able to identify currency alpha managers that meet certain investment criteria’s, and then invest in those managers in a safe, liquid and clear way. Capricorn was approved to be included in the FX MAP product in April 2006, following a complete due diligence procedure by Watson Wyatt worldwide.
A year earlier Capricorn had been approved by Mercer Investment Consultants to be included in a similar product being offered by Deutsche Bank, the FX Select platform. From a recent influx in assets of the Capricorn currency programs the total strategy AUM now exceeds $60 million, with over eighty percent of these assets from institutional investors.
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Capricorn is an established currency manager with clients that include; Banks, Institutions, Investment Funds and HNWIs. As of 2007 Capricorn’s discretionary programs, which were renamed to Capricorn fxST (Growth) and fxST (Aggressive), have a combined AUM of over $50 million. The strategy has an eight year track record and has over the years been included in; Deutsche Bank’s FXSelect, SE Banken’s currency platform, ABN Amro’s FX Directory, Parker Global Strategies currency index, and the Mercer Currency Index.
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