Mon, Apr 27, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Parker FX Index is up +0.82% in July (-0.57% YTD)

Friday, August 29, 2014
Opalesque Industry Update - The Parker FX Index is reporting a +0.82% return for the month of July. Thirty-two of the thirty-six programs in the Index reported July results, of which nineteen reported positive results and thirteen incurred losses. On a risk-adjusted basis, the Index was up +0.36% in July. The median return for the month was +0.24%, while the performance for July ranged from a high of +7.32% to a low of -2.50%.

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 July, the Systematic Index was up +0.54% and the Discretionary Index was up +1.10%. On a risk-adjusted basis, the Parker Systematic Index was up +0.20% and the Parker Discretionary Index was up +0.83%.

The top three performing constituent programs for the month of July on a reported basis returned +7.32%, +5.71% and +4.93%, respectively. The top three performers on a risk-adjusted basis returned +3.05%, +2.42% and +2.09%, respectively.

The US dollar rose in July on improved economic data as US growth for Q2 accelerated. The euro saw continuing weakness after June’s rate cut and the potential effects on growth as a result of the conflict between Ukraine and Russia and its subsequent sanctions. Looking ahead, managers believe that the market is looking favorable for the USD, but also see potential for a weaker growth outlook in Europe and a number of emerging markets due to the situation between Russia and Ukraine.
PD

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. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner