Currency managers embrace risk in July

Of the 56 managers that reported into the index, 34 generated profits while 22 incurred losses. On a risk-adjusted basis, the index was up 0.22% in June. The median return for the month was 0.27%, while performance ranged from a high of 6.82% to a low of -4.85%. On a year-to-date basis, the index made 1.26%.

The discretionary index, which tracks managers whose decision processes are judgmental, fared better than the systematic index, which tracks managers whose decision process is rules-based