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.

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