Principal Global Investors reports record results

Principal Global Investors says that its macro currency fund returned 17.4% in the first quarter of 2009. “The fundamental discretionary style of active currency management is the stand-out performer, because it has the ability to adapt dynamically to a rapidly changing environment and is not dependent on low volatility to deliver returns,” says Mark Farrington, the managing director of Principal’s macro currency group.

Principal’s macro currency group, which has been managing currency portfolios for 17 years, is optimistic that interest in currency funds is on the increase.