January 18, 2010 – CNG Advisors of Hong Kong today announced the launch of FX Gateway, a new multi-manager platform aimed at providing institutional investors access to select currency managers. In turn, the platform seeks to provide currency managers with a more diversified investor base.
CNG Advisors’ new FX Gateway is able to leverage the Firm’s expertise in the FX business and its deep distribution channels.
Commenting on the launch, CNG Advisors’ Head of Foreign Exchange said “We are delighted to be amongst the elite group in Asia to be able to launch the FX Gateway product. In the current environment which is replete with opportunity in currency as an asset class, it allows a much wider range of investors’ access to a number of carefully selected managers.”
CNG Advisors’ Chief Financial Officer also added “Our institutional clients are increasingly attracted to the FX Markets as an asset class and are therefore looking for ways to access managers with demonstrated currency investment expertise. We are excited with FX Gateway as an investment vehicle which can help make the investment process more efficient for investors. This is another example of CNG Advisors’ commitment to the FX business,” he added.
FX Gateway employs strict selection criteria, a standardized due diligence process and ongoing monitoring for currency managers, each of which is conducted in its role as the program advisor and fiduciary for the platform.
For this initial phase, FX Gateway is expected to have between ten to fifteen managers on the platform and a further seven are expected to be included by mid-August.