Fund Managers Turn In Flat Q3 According To Ferrell FX Index

FUNDS

Fund managers, on average, didn't fare much better than the major banks in this difficult foreign exchange market, according to Ferrell Capital Management's latest quarterly Ferrell FX Index, which reports an overall flat third quarter. The Index is a benchmark for tracking the performance of multi-advisor currency portfolios.

The flat third quarter is off from the positive 3.8 per cent reported for the second quarter (FXW, July 29). The median return for the period was up 0.1 per cent, and t