Currency Hedge Funds Fall 0.73% In Oct.

Nov 12 2012 | 1:01pm ET

Currency hedge funds took a hit last month, dropping their average year-to-date performance to near-flat.

Parker Global Strategies said its currency hedge fund index fell 0.73% in October. That's somewhat worse than the average hedge fund, which lost about 0.5%, according to industry indices. It also leaves the Parker Global benchmark up just 0.14% on the year.

The firm blamed uncertainty surrounding the U.S. presidential election last week for investors' lack of risk appetite.

Parker Global said short bets on the euro were responsible for the biggest losses.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note