Recently released are the November results from Barclay Hedge Managed Currency Fund Rankings and  once again Galleon is right near the top for the 3rd straight month in a row in 4th place with 5.18% net returns for the month of November.

These results can also be seen in Currency Traders Magazine around page 34 of the magazine which is also available for download from their website.

Galleon has remained among the top four FX managers in the world now for the last 3 months and has recently posted yearly returns that beat out most for the year of 2007.

WIth what we have learned in 2007 and with the adjustments and improvements we've made to our systems it could be possible to net our clients 100% in 2008.   Of course there are no gaurantees and past performace is surely no gaurantee of future results.

This week has not started out as everyone had hoped but we still have 3 weeks to recover and a whole year to bring in our best year yet.  After 4 incredible months we now find us just nine days into the month of January looking at a decent size draw down but with lots of time to recover before the month is over.

This is the second month in a row Galleon is ranked.  The previous issue had Galleon ranked as #1 among all FX mangers in the world that are reporting.

The data Currency Trader Magazine is drawing on was taken from the Barclay Hedge database of funds to which we recently started submitting our results to. 

Our November returns of near 7% gross should have us ranked at least in the top 10 for next month as well.

Though we were up early on in the month between 17%-20%, the last 2 weeks of November became very volatile and gradually took back some of our early month profits.  Unfortunately, after small come back, the last day of the month on Friday knocked us down again with a small draw down that ate away about 4% of profits leaving us with about 7% gross before performance fees for the month in both our EUR and USD accounts. 

The FX Market surged Tuesday night and Wednesday morning Nov 7th with the USD hitting new lows again while oil is breaking $97 per barrel and gold is at $835.50 as I type this update.

Like I mentioned just weeks ago,  I was expecting some serious moves this month and we're seeing some already.

Our USD PAMM has now broke 17% in just the first week of November.   If you're still sitting on the fence and have not taken advantage of our trading services, may want to think again. We're already on track to have another great month if things continue to hold together.

If you have not sent in your application yet or funded your account yet, I would do so sooner rather than later.  The month is not over and I still expect some wild swings which we should be able to grab more profits from.

In the November 2007 Issue of  Currency Trader Magazine, Galleon is Ranked as the number 1 performing Managed Currency account for the month of September

The ranking shows Galleon out doing the competition by a long shot which we expect to be seeing more of. 

The data Currency Trader Magazine is drawing on was taken from the Barclay Hedge database of funds to which we recently started submitting our results to. 

Keep in mind that the other top 10 managers ranked on this page nearly all have minimums between $50,000 and $100,000 while at the time of this posting, Galleon offers a much lower minimum

Though our performance has been rocky this year, more recent changes, we feel, have stabilized our systems for more consistent returns.   Our October 18.2% month should also get us ranked in the next issue of this magazine and if we can maintain our current November momentum, we are good for another month as well. 

The forms, documents, fax cover sheets and even some instructions on our Account Opening page have been updated.

If you have NOT sent or faxed in your documents to Galleon or FXCM please use the new documents and  Forms found on our Open Account section.   FXCM has updated some key things and is now starting to reject older forms.   So to avoid having your forms rejected.  Please download ALL documents and forms again before sending them in.

Thanks,

Galleon Staff