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FX Hedge-Fund Survivors Are Finally Making Money as Dollar Soars

  • Currency managers are revived after troublesome post-2008 era
  • Funds from P/E Investment and Graham Capital are among winners
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After getting thrashed in the era of low interest rates, the last remaining hedge fund managers dedicated to the world of foreign exchange are in fighting spirits this year.

Aggressive Federal Reserve tightening is sending the US dollar to historic highs and spurring big moves across exchange rates from Europe to Asia. That’s proving a godsend for a small band of FX-focused quant traders and discretionary managers as they notch some of their biggest wins since the halcyon days of the pre-2008 era.