After declining 1.6 per cent during November, Ferrell Capital Management's FX Index fell a further one per cent during December, based on 36 of the 44 programs comprising the index reporting. The median returns for November and December were -1.5 and -1.6 per cent, respectively. Sixteen of the 36 programs reporting posted positive results for the month. Preliminary full-year results show the multi-advisor currency portfolio benchmark losing 6.49 per cent of its value, Ferrell officials say.

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