Friday, 24 October 2014
Last updated 17 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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