Richard Levich, Momtchil Pojarliev, 24 October 2008

Institutional investors are increasingly turning to currency traders. This column confirms that past performance is no guarantee of future returns. But there is evidence that managers have a tendency to persistently use the same investment strategy, suggesting that investors may wish to diversify across currency managers.

Momtchil Pojarliev, Richard Levich, 16 February 2008

Professional currency trading managers earn large fees. This column summarises research evaluating their performance and identifies a select group of traders whose achievements may warrant their wages.


CEPR Policy Research