Parker FX holds firm at +0.35%

STAMFORD, CT - The Parker FX index made returns of 0.35% for January, in a month when the US dollar and yen gained against most currencies.

Of the 66 funds reporting into the index, 33 programs generated positive results and a further 33 incurred losses. On a risk-adjusted basis, the index was up +0.13% in January, with a flat median return of 0.00%, while performances for January ranged from a high of +5.20% to a low of -4.60%.

The Parker discretionary index, which tracks managers with judgmental decision processes, outshone the Parker systematic index in January, which follows managers applying rule-based strategies. The discretionary index was up 0.81% in January while the systematic index made a -0.11% loss. On a risk-adjusted basis, the systematic index was down -0.04% while the discretionary index was up +0.54%.

The top three performing funds on a reported basis for the month of January were the Alder Capital 20 Program, at +5.20%, the Antipodean Currency Strategy, at +4.76% and the UBS O'Connor Currency Fund, at +4.21%. The top three performers on a risk-adjusted basis were: the Ponta Negra Fund, at +2.50%, the Pareto Currency USD Fully Hedged, at +2.32%, and the UBS O'Connor Currency Fund, at +2.00%.