The Daniel Stewart Mercury Forex Currency Fund is scheduled to begin trading at the beginning of next year and will be managed by John Brikins, a forex trader with 30 years’ experience.
Prior to setting up Mercury Forex AG Birkins was chief dealer at Credit Suisse and over the past 16 years has a record of “generating outstanding returns” primarily in spot Forex, Daniel Stewart said.
Birkins said much of his success was down to three main factors – frequent application of a contrarian trading strategy, appropriate levels of diversification and an extremely disciplined approach to risk management.
Meanwhile, Peter Shea, CEO at Daniel Stewart, added: “By collaborating with Mercury Forex, Daniel Stewart is extending Mercury Forex’s overall distribution across the UK, Middle East and Asia, as well as enhancing Daniel Stewart’s offering to its client network. We strongly believe that ongoing volatility in currency markets provides excellent opportunities for investors to boost returns compared to the relative weakness of equities and bonds.”
Birkins concluded that the volatility which is currently detrimental to equity and debt traders producing a consistent return can be advantageous for forex traders and so the timing of the fund’s launch is ideal.