Thought Leadership

Multicurrency Plus Strategy 2nd Quarter 2007

July 27, 2007

Both our currency selection strategy and short duration sovereign management strategy played important roles in the outperformance of Samson’s Multicurrency Plus Strategy.  Developing economies like China are robust and seemingly accelerating.  The forces unleashed by these industrializing economies favor renewed allocations to commodity-linked currencies.  Thus, while we entered the second quarter with only modest allocations to the Canadian dollar and no exposure to the Australian dollar, in the first days of the quarter we made significant purchases of the Canadian dollar, followed up with an allocation to the Australian dollar.