Mon, Aug 15, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Currency hedge funds flat in May

Wednesday, July 01, 2015

Komfie Manalo, Opalesque Asia:

Pressures on the U.S. dollar and the Euro saw currency hedge funds remain flat in May. Parker Global Strategies, LLC’s Parker FX Index reported a 0% return during the month (+3.11% YTD).

"The U.S. dollar saw a sharp turn in May, down early on weaker data with a recovery later in the month as the Euro fell on rising Greek concerns and the ECB bond buying program," says the Connecticut-based firm. "The Brazilian real fell on concerns that the nation’s central bank would minimize its support for the currency. Looking ahead, Parker FX said managers believe that the USD remains favored in the long term, in contrast to the Euro, while commodity prices and central bank actions are expected to continue to drive emerging market performance."

On a risk-adjusted basis, the Index was flat in May. The median return for the month was +0.03%, while the performance for May ranged from a high of +3.90% to a low of -5.64%.

The Parker Systematic Index, which tracks those managers whose decision process is rule based, was down -0.59%. And the Parker Discretionary Index, which tracks managers whose decision process is judgmental, was up +0.59%. On a risk-adjusted basis, the Systematic Index was down -0.22% and the Discretionary Index was up +0.45%.

Talk of hedge fund selling EUR-USD yesterday dragged the pair down to 1.1150, reported ......................

To view our full article Click here

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. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  2. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  3. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: https://bit.ly/DXCInfo Castle Hall, the Du

  4. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  5. Opalesque Exclusive: This European mezzanine debt strategy offers equity-like returns with downside protection[more]

    B. G., Opalesque Geneva for New Managers: Mezzanine financier SIG-i operates in a relatively uncrowded space by proactively manufacturing financing solutions as an alternative to traditional debt and equity instrume