Thu, Jul 24, 2014
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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  3. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  4. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  5. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag