Sun, Jan 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Parker FX Index down 0.26% in November, -1.04% YTD (2013)

Thursday, January 02, 2014
Opalesque Industry Update - The Parker FX Index is reporting a -0.26% return for the month of November. Thirty- six of the thirty-nine programs in the Index reported November results, of which fifteen reported positive results and twenty-one incurred losses. On a risk-adjusted basis, the Index was down -0.12% in November. The median return for the month was -0.17%, while the performance for November ranged from a high of +7.60% to a low of -5.32%.

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 November 2013, the Systematic Index was down -0.18% and the Discretionary Index was down -0.35%. On a risk-adjusted basis, the Parker Systematic Index was down - 0.07% and the Parker Discretionary Index was down -0.26%.

The top three performing constituent programs for the month of November on a reported basis returned +7.60%, +4.70% and +1.54%, respectively. The top three performers on a risk-adjusted basis returned +2.60%, +2.47% and +2.07%, respectively.

During the month, US unemployment data strengthened, raising concern that the Federal Reserve would begin to taper. Janet Yellen, awaiting the role of Federal Reserve chair, tempered concerns with dovish comments. Many of the managers in the index anticipate that the Federal Reserve may soon begin to taper its quantitative easing programs, which is expected to be a major driver of currency returns.

Press release

Parker Global Strategies LLC (PGS) 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. Investing - This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally, Hedge fund legend David Einhorn is making a big bet on GM, After impressive 85% return in 2016, hedge fund looks to Canadian gold producer, small banks[more]

    This hedge fund made 37% betting on banks in 2016 and remains bullish after the Trump rally From Forbes.com: Can bank stocks continue to rise after a 28% surge in the KBW Bank Index in 2016, fueled by a post-election rally as stock pickers returned to the beaten down sector? Forget the s

  2. SWFs - China sovereign wealth fund CIC plans more U.S. investments[more]

    From Reuters.com: China Investment Corporation (CIC), the country's sovereign wealth fund, is looking to raise alternative investments in the United States due to low returns in public markets, its chairman said on Monday. CIC will boost its investments in private equity and hedge funds as wel

  3. Some hedge funds strong start in 2017 nice contrast to 2016[more]

    With the 2016 HSBC Hedge Weekly performance rankings in the books - a year in which the same leader-board entries pretty much dominated unchallenged throughout the year - comes a new leader board that is a hard-scrabble mix of hedge fund styles and categories. What is clear after but a few short wee

  4. Macro hedge funds and CTAs outperform in December on strong dollar[more]

    Komfie Manalo, Opalesque Asia: The last month of 2016 saw risk assets climbing higher, as part of expectations that the new U.S. administration will remove barriers to growth and investment, Lyxor Asset Management said. December also saw the Fed hik

  5. Opalesque Exclusive: Roxbury credit events UCITS gathers more assets[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The Roxbury Credit Events Fund, launched in September 2015, was up 4.24% in 2016, having returned seven positive months during the year. The managers raised