Wednesday, 25 November 2015
Last updated 3 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…