Quant Hedge Fund Aspect Mints 21% Return Playing Currencies
- FX biggest driver of firm’s performance, alongside commodities
- Positions include shorting the Japanese yen, long oil and gold
The fund is profiting from positioning for a stronger dollar, as markets veer toward Federal Reserve rates staying higher for longer.
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Aspect Capital Ltd.’s computer-driven trading models are thriving from the uncertainty that has many human investors ripping up their big macro calls.
The $7.5 billion London-based hedge fund has seen a 21% year-to-date return in its flagship fund, thanks to bets on currency markets and commodities, according to its director of investment solutions Razvan Remsing. That beats the average 14% return for its trend-following peers and 3% for discretionary macro managers, based on Societe Generale SA’s indexes.