Parker FX Index Shows Fund Managers Achieved Fair Results In Latest Quarter

FUNDS

Connecticut-based Parker Global Strategies' Parker FX Index shows that fund managers achieved fair results in the third quarter. The index was up 3.28 per cent on a reported basis, and up 1.51 per cent on a risk-adjusted basis, with 51 of the 58 programmes reporting results for the period.

Meanwhile, the median return, on a reported basis, was a positive 1.39 per cent and on a risk-adjusted basis, was 0.56 per cent. However, only 29 of the 51 managers reported positive returns in the overall