Currency Funds Edged Up In Oct.

Dec 3 2013 | 1:33pm ET

When the news has been as bad as it has been for foreign exchange hedge funds, any bit of positive spin is worth celebrating.

So it is with the Parker Global Index in October, when the currency hedge fund benchmark inched up 0.32%. That's not much to speak of, given that the average hedge fund added about 1.5% that month, and the Standard & Poor's 500 Index rose about 4.5%. But in a year that has the Parker index down 0.74% and that has seen much larger losses by some of the industry's biggest currency names, it's something.

Systematic currency funds did best in October, rising 0.6%. Discretionary managers had to make do with an average return of just 0.04%, which, if nothing else, is not a loss.


In Depth

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...