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FX Concepts announces strategic partnership with Mcube Investment Technologies, New York, July 8, 2005
New York-based currency manager FX Concepts announced today that it is entering into a strategic partnership with Mcube Investment Technologies.
Mcube, a U.S. company headquartered in Dallas, Texas is led by Dr. Arun Muralidhar, who has served as Managing Director at FX Concepts since 2001. Dr. Muralidhar, whose focus at FX Concepts has been on the development of the firm's currency overlay business, will continue to serve in this capacity while concurrently acting as Chairman of Mcube and developing its flagship product, AlphaEngine™.
AlphaEngine™ is web-based software that helps evaluate portfolio decisions and allows investors to evaluate a broad range of investment strategies. Designed to provide a systematic framework for smart asset allocation, AlphaEngine™ ensures good governance through a robust, transparent investment process and helps generate better returns and cost savings.
John Taylor, Chairman of FX Concepts, commented "At FX Concepts our focus has increasingly been on improving our allocation framework and developing new systematic techniques through which we can add value using smart strategic and tactical allocation. We believe that superior allocation intelligence will increasingly become a distinguishing factor in the performance of investment managers - so it is timely that we join forces with Mcube, which has pioneered an innovative approach to good portfolio construction using AlphaEngine™."
Dr. Arun Muralidhar, Chairman of Mcube Investment Technologies said, "I have worked with FX Concepts both as a client and later as a team member, and have always been impressed by their capabilities in investment research and management. Their endorsement of AlphaEngine and Mcube Investment Technologies, LLC serves as the greatest compliment we could receive for the work we are doing. We have benefited from various interactions with the FX Concepts team and look forward to working together to generate innovative ideas for our common clients."
Mcube Investment Technologies LLC, a U.S. company headquartered in Dallas, Texas, is a leading developer and provider of decision support products for institutional investment management. FX Concepts is a New York-based currency manager with over $12 billion in AuM in multiple absolute return and currency overlay strategies.
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