Thu, Dec 14, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Parker FX Index reports +0.48% (est.) for February, +1.46% YTD

Thursday, March 28, 2013
Opalesque Industry Update – The Parker FX Index is reporting a +0.48% return for February 2013. Forty one of the forty-five programs in the Index reported February results, of which twenty reported positive results and twenty-one incurred losses. On a risk-adjusted basis, the Index was up +0.21% in February. The median return for the month was -0.01%, while the performance for February ranged from a high of +6.96% to a low of -2.11%.

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 February, the Systematic Index was up +0.40% and the Discretionary Index was up +0.56%. On a risk-adjusted basis, the Parker Systematic Index was up +0.15% and the Parker Discretionary Index was up +0.41%.

The top three performing constituent programs for the month of February, on a reported basis, returned +6.96%, +4.72% and +2.42%, respectively. The top three performers on a risk-adjusted basis returned +3.13%, +3.04% and +2.68%, respectively.

Bullish financial markets persisted as investors’ risk appetites strengthened. The upcoming US spending cuts had little effect on the dollar’s rally which was supported by positive economic data. For the month, the US Dollar Index (DXY) reached a six-month high strengthening by 3.46%. The euro fell against other G-10 currencies as Italian political instability negatively impacted the region. Elsewhere, the Japanese yen fell by 0.91% versus the US dollar as the currency continues to weaken due to plans for more aggressive monetary easing. Regional growth developments and monetary policy actions impacted emerging market currencies. Major Asian currencies, excluding the Indian rupee and Taiwanese dollar, modestly appreciated versus the US dollar. Eastern European currencies were negatively impacted by the eurozone political instability.

The Parker FX Index is a performance-based benchmark that measures both the reported and the riskadjusted returns of global currency managers. It is the first index used to analyze unleveraged (risk-adjusted) performance in order to calculate pure currency alpha, or manager skill. The 326-month compounded annual return since inception (January, 1986 through February, 2013) is up +10.61% on a reported basis and up +2.96% on a riskadjusted basis.

press release

PARKERGLOBAL.COM

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  3. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  4. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c

  5. Opalesque Exclusive: Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services[more]

    Bailey McCann, Opalesque New York: Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Trans