Parker up in February
The Parker FX Index has reported a 1.34% return for February. A total of 78 investment programs reported results; 55 showed a positive return, while 23 made losses. On a risk-adjusted basis, the index was up 0.47% in February and the range of performances was from a positive 6.80% to a negative 4.94%. The top three funds on a reported basis were Alder Capital Global 20 Program of Dublin, Ireland (+6.80%), the Trigon FX Program of New York (+6.59%), and the ABN Amro Currency Fund of London, UK (+6.52%). The top three performers on a risk-adjusted basis were the Julius Baer Currency Hedge Fund (+4.44%), the ABN Amro Currency Fund (+3.18%), and the Trigon Currency Program (+3.04%). Parker says managers benefited from the dollar trending lower.