Millennium Global launches systematic long/short currency hedge fund Submitted 15/09/2021 - 1:21pm Currency-focused investment manager Millennium Global Investments has launched a new systematic long/short currency hedge fund strategy to tap into burgeoning demand for non-correlated returns in what it calls a “favourable” investment environment. The Millennium Systematic Currency Alpha Strategy takes long and short positions in nine developed market currencies versus the US dollar, using a proprietary systematic investment model. Specifically, the investment algorithm is built around forward-looking momentum signals which will determine the probability of range expansion, trend reversals and gap risk as well as currency risk premia analysed using sparse-learning techniques.