Fri, May 29, 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 Mexicoís 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. Opalesque Exclusive: New TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Icelandís failed banks face a tax that targets the lendersí estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltzís Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltzís Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltzís Trian Fund Managementís filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AMís latest Weekly Briefing, in t

  5. Billionaire hedge fund investor Odey says April 'bloody', has cut risk[more]

    From Reuters/Yahoo.com: Billionaire hedge fund manager Crispin Odey has cut risk and leverage following a stunning 19.3 percent loss in his 3.1 billion euros (2 billion pounds) Odey European Inc fund in April, a letter to investors seen by Reuters showed. Describing the month as "bloody", Odey

 

banner