Mon, Sep 1, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Parker FX index down -0.49% for the month of January

Friday, February 28, 2014
Opalesque Industry Update - The Parker FX Index is reporting a -0.49% return for the month of January. Thirty-five of the thirty-eight programs in the Index reported January results, of which fifteen reported positive results and twenty incurred losses. On a risk-adjusted basis, the Index was down -0.21% in January. The median return for the month was -0.06%, while the performance for January ranged from a high of +4.19% to a low of -6.04%.

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 January, the Systematic Index was down -0.82% and the Discretionary Index was down -0.15%. On a risk-adjusted basis, the Parker Systematic Index was down -0.31% and the Parker Discretionary Index was down -0.11%.

The top three performing constituent programs for the month of January on a reported basis returned +4.19%, +3.09% and +1.73%, respectively. The top three performers on a risk-adjusted basis returned +2.69%, +1.99% and +1.94%, respectively.

The US dollar strengthened early in January, but fell mid-month on weaker non-farm payrolls. The Federal Reserve suggested that tapering will continue, correcting the dollar’s decline by the end of the month. Looking ahead, managers believe that monetary policies will diverge, creating opportunities in global currency markets as economies begin to recover.

km

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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest