Tue, Jul 22, 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. 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. The Big Picture: Party like it's 2007? Maybe not[more]

    Benedicte Gravrand, Opalesque Geneva: Are we on the verge of another crunch and partying unaware (bringing to mind Prince’s "1999" song). Some think that today’s financial environment – especially stock markets

  3. Long-only hedge funds hold key to emerging markets[more]

    From Risk.net: Addressing common institutional approaches to long-only emerging markets allocations, hedge funds are less volatile and produce higher returns than mutual funds or ETFs. Since the 2008 financial crisis, investors have flocked to emerging markets (EMs) for return generation as develope

  4. 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

  5. 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