LOOSE CHANGE

LOOSE CHANGE

The Ferrell Index, which measures the performance of some 30 currency fund managers around the world, revealed that the summer months have been fruitful indeed. The Ferrell Index rose 5.34 percent in July, after stumbling in the first four months of the year. Gaiacorp's Gaia Hedge II fund managed to outperform all others monitored during the month. The fund posted returns of some 39 percent in July. Next best was Hyman Beck with gains of 16 percent in the month, and GK Capital with gains of 10

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