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Chairman’s View



In 1981, I created FX Concepts, to help our clients successfully manage their foreign exchange exposures. Today we provide both investment management and research services to hundreds of institutions around the world. Our success is based on a tested and highly disciplined approach to generating returns and managing risk. This could not have been done without our dedication to maintaining a solid investment team, the core of which has been working together for close to 20 years.

Over the past few years, an increasing number of investors have been looking to currency as a means of generating returns, and not just as a risk to be managed. This is particularly gratifying, for we have believed in and have practiced currency alpha investing for longer than most of our competitors have been in existence. While our client base has grown, we remain at heart the same firm that we were over 20 years ago: dynamic, entrepreneurial, and devoted to our most significant assets – our clients and our employees.

John R. Taylor, Jr.

Chairman & CIO




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Executive Summaries

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