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Currency fund index slumps in October

Posted on 12 November 2012

An index of currency-focused hedge-fund performance declined in October, as investors struggled to keep up with shifting market sentiment in the face of rising political uncertainty.
Parker Global, an investment firm that tracks the performance of funds in which it invests, said its currency-managers index fell 0.73% in October from the previous month. The CMI is nearly flat so far this year, gaining just 0.14% since Jan. 1. Compared with last October, the index is up 4.3%, according to an emailed statement from Parker Global………………………………………..Full Article: Source


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