QFS Shutting Down Currency Hedge Fund

QFS Asset Management is shutting down its currency hedge fund citing difficult market conditions. QFS’ exit thus makes it the latest casualty of increasingly treacherous foreign-exchange markets. Currency-only hedge funds wrapping up Last year, FX Concepts, founded by John Taylor, announced that it was closing shop. The fund has lost 15% last year, and has suffered through a succession of bad years which have plummeted its asset base from $12 billion in 2009 to $661 million in 2013. The flagship FX Global Currency Program has lost 3.11% in 2012, and was down 14.5% in 2011. The Greenwich, Connecticut-based QFS Asset…