Sat, May 28, 2016
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. Performance - Hedge fund ETFs take a battering, Have long-short credit funds delivered?[more]

    Hedge fund ETFs take a battering From ETFStrategy.co.uk: It was a blow for the hedge fund world when Hillary Clinton’s son-in-law Marc Mezvinsky announced he would be closing his Greek-focused fund after it plummeted in value by 90%, just two years after it launched. For passive investor

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  4. Emerging markets hedge funds perform strongly, but capital base erodes[more]

    Komfie Manalo, Opalesque Asia: Latin American Emerging Markets and Russian hedge funds lead industry gains in the first months of 2016, posting strong performances through April as global and EM equity, commodity and currency markets surged in recent weeks following steep losses to begin the year

  5. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit