Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Parker FX Index returns -1.52% in June, +1.52% YTD

Thursday, July 30, 2015
Opalesque Industry Update - The Parker FX Index is reporting a -1.52% return for the month of June. Thirty of the thirty-two programs in the Index reported June results, of which five reported positive results and twenty-five incurred losses. On a risk-adjusted basis, the Index was down -0.68% in June 2015. The median return for the month was -1.19%, while the performance for June ranged from a high of +3.59% to a low of -7.27%.

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 June, the Systematic Index was down -1.34% and the Discretionary Index was down -1.70%. On a risk-adjusted basis, the Parker Systematic Index was down -0.51% and the Parker Discretionary Index was down -1.29%.

The top three performing constituent programs for the month of June on a reported basis returned +3.59%, +0.97%, and +0.46%, respectively. The top three performers on a risk-adjusted basis returned +1.26%, +0.72% and +0.42%, respectively.

The US dollar was down in June as the Fed kept policy unchanged but appeared to have a more cautious tone. June also saw Greece and the EU fruitlessly negotiating on debt repayment, finally defaulting on June 30 and pushing talks into July. Looking ahead, managers believe that the USD remains favored in the long term, short term performance is expected to be characterized by volatility, and commodity prices and central bank actions are expected to continue to drive emerging market performance.

parkerglobal.com

Press release

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1