Summary

-The Stonebrook FX Carry Program (FXC) is an absolute return strategy that exploits the fundamental relationship between interest rates and exchange rates. Uncorrelated with CTAs and other trading strategies, it adds exceptional value to alternative investment portfolios. FX Carry profits from the returns inherent in owning high-yielding currencies financed with low-yielding currencies. The strategy not only performs in benign markets, but in risky conditions as well. Stonebrookâ??s FX Carry program adds value by identifying periods when investors tend to liquidate their risky holdings. By using forward-looking risk controls based on fundamental inputs across asset classes, FX Carry profits from spot exchange rate changes when investors flee from risk.