Sat, Apr 18, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Parker FX Index gains 0.72% (est.) in March, 1.70% YTD

Monday, April 29, 2013
Opalesque Industry Update - The Parker FX Index is reporting a +0.72% return for the month of March. Forty-one of the forty-five programs in the Index reported March 2013 results, of which twenty-seven reported positive results and fourteen incurred losses. On a risk-adjusted basis, the Index was up +0.31% in March. The median return for the month was +0.36%, while the performance for March ranged from a high of +8.96% to a low of -3.27%.

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 March, the Systematic Index was up +1.28% and the Discretionary Index was up +0.15%. On a risk-adjusted basis, the Parker Systematic Index was up +0.47% and the Parker Discretionary Index was up +0.11%.

The top three performing constituent programs for the month of March, on a reported basis, returned +8.96%, +8.60% and +6.49%, respectively. The top three performers on a risk-adjusted basis returned +3.54%, +3.50% and +3.23%, respectively.

The US Dollar Index (DXY) moved higher by 1.25% as economic uncertainty in Europe and aggressive monetary easing in Japan led to increased demand for the US dollar. The euro weakened against other G-10 currencies as investors reacted to Cyprus bailout negotiations and continued political instability in Italy. Major Asian currencies, excluding the Thai baht, fell against the US dollar. In Latin America, the Mexican peso significantly rallied versus the dollar after an interest rate cut by Mexico’s central bank and the release of a surprisingly strong US jobs report.

***

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 327-month compounded annual return since inception (January, 1986 through March, 2013) is up +10.58% on a reported basis and up +2.95% on a risk adjusted basis.

From inception (January, 1986 through March, 2013) the compounded annual return for the Parker Systematic Index and the Parker Discretionary Index, on a reported basis, is +10.85% and +8.63%, respectively. From inception, the compounded annualized return, on a risk-adjusted basis, for the Parker Systematic Index and the Parker Discretionary Index, is +2.66% and +3.46%, respectively.

Founded in 1995, Parker Global Strategies (PGS) provides both institutional and private clients a broad spectrum of custom tailored alternative investments including foreign exchange, managed futures, and energy infrastructure. PGS has advised on the placement of over US$3.0 billion since its inception, and has provided foreign exchange advisory and management services since 1996.

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. Tiger Global falls 2.9% in March, down 5.3% in Q1[more]

    From Reuters.com: Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday. Much of the decline came in March when the fund lost 2.9 percent,

  2. It’s not just hedge funds—IMF study finds stability risks from ‘vanilla’ funds[more]

    From MarketWatch.com: Leveraged hedge funds and banklike money-market funds are the parts of the asset-management industry most associated with risks to financial stability. But a report from the International Monetary Fund suggests that “plain-vanilla” mutual funds and exchange-traded funds also ca

  3. Hedge funds gain 2.4% in Q1 driven by currency and commodity markets[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-b

  4. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  5. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

 

banner