Currency Trading and Hedge Funds

DI.se, one of my favourite sources for news, reports that only three Swedish hedge funds takes currency positions. This is very likely to be a clear underestimation of the true number of hedge funds that trade in the currency market. One additional fund would for instance be GMM Alpha that is a specialist currency trader (although with low assets). In the Swedish Hedge Fund league, Pecuinia is on the bottom with a double digit loss while Radar is on top with some 30%+ year-to-date (end of October 2006).