Deals
FX Concepts to Exit Investment Management Amid Dwindling Assets
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FX Concepts LLC, the currency hedge fund founded by John Taylor that was once the world’s largest, will shutter its investment-management business.
“Assets at the firm have dropped to levels that can no longer sustain the business,” Robert Savage, the chief strategist at FX Concepts, said in an e-mailed statement. “The board has concluded that it is in the best interest of the firm’s investors to conduct an orderly wind-down of open positions, close its funds and hand back any remaining mandates to clients.”