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FX news: Parker index for December

Parker FX Index data for December shows that December was a profitable month for the majority of FX funds. The Index showed a 0.45% return for December with 35 out of the 62 firms that reported giving positive results. There was, however, a wide range in fortunes: the best performer returned a stunning 9.80% on the month whereas another fund has the unenviable task of explaining an 8.23% loss to its investors. On a risk-adjusted (un-leveraged) basis the index was up 0.18% on the month.

For whole year 2010 the index was up 2.12% or, risk-adjusted, by a less notable 0.83%.

The Parker Index also breaks down results by systematic (model-driven) and discretionary funds. December was a good month for the black boxes: the systematic index was up 1.10%, while the discretionary index declined 0.21%. Over the whole year, the systematic index was up 2.65% and the discretionary up 1.58% although the risk-adjusted returns reduce to 0.89% and 1.04% respectively.

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