John R. Taylor, the head of what used to be the biggest currency hedge fund in the US, has reappeared on the Forex scene, launching a company named FX Concepts News. The name of the business entity is, of course, not random, as it preserves what was left after the demise of FX Concepts in the…
Read moreFX industry senior executive Marco Pelizzoli to head FX division of European banking conglomerate as next step in 25-year career European banking corporation Santander GBM last week appointed its former Global Head of e-Commerce Marco Pelizzoli to the position of Global Head of FX Trading. Mr. Pelizzoli joined Santander GBM in 2009 after a four-year…
Read moreTaylor will focus on research after keeping FX Concepts’ newsletter and ‘research process’ As most of our readers know, the foreign exchange markets are a very tough and sometimes unforgiving industry. Partly this is what makes it very hard to quit too – it took John Taylor, founder of one of the biggest currency hedge…
Read moreFX Concepts bankrupt, Parker Global Currency Managers Index down 5% YTD Recent slump in volumes on the institutional front might just have a solid fundamental explanation. Two words – poor performance. The Wall Street Journal has reported yesterday that FX markets participants might be willing to forget 2013 as the market has proven too difficult…
Read moreWorld’s largest currency hedge fund, once $14B, ended with just $2M under management and $79M liabilities Few people would have thought that John Taylor's once mighty currency hedge fund would be going out of business so soon after it was established as a leader in the industry. Once a $14 bln dollar giant it ends…
Read more