Losses abound on Parker FX
Of the 79 programmes reporting results for the index calculations last month, 44 suffered losses. On a risk-adjusted basis, the index was down 0.73%. The median return for the month was -0.09%, while the performance ranged from a high of 14.07% to a low of -16.09%.
The index provider said the losses were attributable to the sudden increase in volatility from the unwinding of the Japanese carry trade, sending the yen up 3.8% against the US dollar by August 19. Many managers got whipsawed as a
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