FX Week

Funds struggle as dollar swings

Richmond Group of Manakin Sabot, VA was the top performer for the month, with a positive return of 4.85%. Bob Marcellus, president and chief portfolio strategist at Richmond, said the firm’s programme had moved ahead of the market and profited from both directional moves in the dollar. "The model was positioned early and took advantage of the initial strength in the dollar, and was able to reverse its stance by month-end for additional gains," he said. The fund concentrated on Asian and Sout