The currency fund lost 8. It's the third fund closure in a year for QFS, which last winter shut down its global-macro and fixed-income hedge funds. Those funds had lost In a release Tuesday, QFS Chairman and CEO Karlheinz Muhr said the firm decided to close its final hedge fund after realizing that global markets have been acting out of step with the firm's fundamentally-driven strategy.

Hearst Connecticut left messages Tuesday seeking additional comment from the firm at both its Greenwich office and through its outside public-relations firm, The Dilenschneider Group.

Muhr told the Wall Street Journal on Tuesday the firm's struggles reflect unconventional monetary policies of global central banks that have "distorted" asset prices and made it harder for fundamentally-driven currency funds to profit. It's a sharp turnaround for QFS, which was founded in by Grossman. Their currency program was until recently flying high. It had flat returns in , gained 7. In April , QFS acquired alternative-asset management firm Cenario Capital , which had been founded by Muhr.

In that September interview, Muhr described the firm's currency trading program -- which at the time was returning about Over time money flows from low-growth countries to high-growth countries, Muhr explained. QFS used deep economic fundamental analysis to determine which countries and markets it wanted to be in, he said. In Tuesday's release, Muhr said that QFS will continue to research the global macro and currency markets, with an eye toward developing "new and innovative" sources of returns.

Longer term, QFS management is still confident that "economic realities" will force a "normalization of asset prices," which will create opportunities for fundamentally-driven investing strategies to bring about "commensurate risk adjusted returns," the release said. Contact Us Subscribe Careers with Us Newsletters Advertise with Us Terms of Use Archives Digital edition FAQ Submissions.

Greenwich school board hears results of pilot programs. Five charged in Greenwich Ave.

Trader Jobs in Greenwich, CT - Greenwich Trader Jobs | ykewobuzyjeca.web.fc2.com

Memorial set for Cos Cob teen. Regional National World Politics Were you SEEN? Opinion Science and Technology Election.

Fixed Income, Currency & Commodities | Greenwich Associates

Greenwich Cannons off to an start. Fourteen athletes from Greenwich to play college football. Baseball Football Basketball Hockey Other High School. Cook, Day share medalist honors at Connecticut Amateur.

Foreign Exchange Trading | Interactive Brokers

Greenwich football team springs into action. Robinson of Greenwich makes national water polo team. Markets Real Estate Top Workplaces. Task force teaches businesses how to thwart fraud, theft. Steps Home Care expands into Fairfield County market. Movies Music Arts Television Comics Horoscope Games Events. Barrett-Jackson returns to Mohegan Sun with prized auto. John Legend to play Foxwoods Resort Casino. Health Home and Garden Family Religion Travel Food Celebrations Celebrate Summer.

Trader Joes in Greenwich, Connecticut with Reviews - ykewobuzyjeca.web.fc2.com

Most and least 'independent' states. Golf and life are a lot alike.

FDA urges caution about bodybuilding supplements. Sign Up for Email Alerts. Logo Return to Top. Contact Contact Us FAQ Today's eEdition Feedback Submissions.