FX Week

Euro rise helps fund managers perform

Only two of the 47 programmes on the index reported negative returns for the month, and the index was up 3.16% for the month.

The top-performing fund in May was Alder Capital in Dublin, Ireland, which was up 9.97% for its Global 20 Program. “The continuation of euro strength was the story for the month,” said Brian McCarthy, director of Alder Capital. “Our Alder Global 20 program captured this move primarily through our long euro/yen position, but we also had a smaller position long

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