FT: Forex dealers forced to change strategies

Stephen Jen, head of SLJ Macro Partners, says: “It’s definitely trickier. It’s not so straightforward to generate alpha.” His fund has been resorting to shorter term trading, using a discretionary approach to exit positions quickly before a central bank kills a trend.

“The duration of the positions that are held not just by us but others as well is shorter than before – you cannot buy and hold, it’s very, very difficult,” he says.

Read the original article on the ‘FT’ website.

Posted on the 14/12/2012 at 3:31pm by joana.