Sat, May 27, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Euro set to be best performing major currency for 2013

Thursday, January 02, 2014

Komfie Manalo, Opalesque Asia:

The euro capped 2013 with a 26% gain against the Japanese yen and 4% against the U.S. dollar, according to a Reuters report. Although on Tuesday, the euro was 0.2% down at $1.3775, and 0.4 % down at 144.60 yen.

The strong performance of the euro contrasts earlier predictions by hedge fund managers who expected a weak eurozone economy and a strong dollar from the Fed’s QE tapering.

Currency hedge funds have been at the mercy of central bank policy and may indeed continue being so this year. FX Concepts, which closed last year, is a notable victim of the harsh environment for such fund strategies.

The Parker FX Index reported a -0.26% return for the month of November and -1.04% YTD.

The euro's strength was perhaps the biggest surprise in currency markets in 2013, reports the Wall Street Journal. Investors had large short euro positions at the beginning of the year. Only four big banks anticipated in early 2013 that the euro would appreciate by the end......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  2. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  3. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  4. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the

  5. AI-based hedge fund brings machine learning investing to masses[more]

    Komfie Manalo, Opalesque Asia: Machine learning-based hedge fund firm Greyfeather Capital is trying to bring artificial intelligence investing to the masses with its plan to expand beyond the limited reach of the alternative investments space. "We're excited to bring AI technology to traditio