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Alternative Market Briefing

Currency fund managers mostly gain in January

Monday, March 02, 2015

Komfie Manalo, Opalesque Asia:

Currency fund managers mostly gained in January as 22 of the 31 programs that reported their results in the Parker FX Index showed positive results and nine incurred losses during the month. The Parker FX Index was up +2.71% in January. The median return for the month was +2.06%, while the performance for January ranged from a high of +14.57% to a low of -2.68%.

"The U.S. dollar rose on economic data and on the weakening of numerous other currencies following widespread central bank action. Looking ahead, managers believe that the market continues to look favorable for the USD and weaker for the Euro and JPY over time, although corrections may be seen in the short term, and commodity prices, among other headwinds, may continue to drive emerging market performance," Parker FX said in a statement.

In addition to the broad Parker FX Index, there are two style driven sub-indices: the Parker Systematic Index, which tracks those managers whose decision process is rule based, and the Parker Discretionary Index, which tracks managers whose decision process is judgmental. During January, the Systematic Index was up +1.49% and the Discretionary Index was up +3.93%. On a risk-adjusted basis, the Parker Systematic Index was up +0.56% and the Parker Discretionary Index was up +2.96%.

The top three performing constituent programs for the month of January on a reported basis retur......................

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