FX Week

Yen move drives fund gains

Quantitative Financial Strategies in Stamford, Connecticut was the top-performing fund, for the fourth month this year, with gains of 7.81%. Campbell & Company of Towson, Maryland ranked second, up 7.20%, with John W Henry & Co of Boca Raton, Florida third, up 6.30% for its dollar programme.

Matt Driscoll, chief trader at John W Henry in Florida, said the strengthening of the yen during the month had generated gains that exceeded the losses incurred trading European currencies.

"The yen/dolla