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

Fund Manager's Disease: Common Symptoms and Proposed Remedies

May 3 2016 | 6:11pm ET

The cadre of 25 research analysts at Murano Systems speaks with more than 150 investors...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...