Systematic managers profit from volatile March
Stamford-based Parker FX Index noted the JP Morgan VXY Index, which measures the volatility of the G-7 currency markets, spiked 25% to 13.65 during the month - its highest since the Fed rescued LTCM. March's volatility was spurred by the Fed's bailout of Bear Stearns and writedowns of bad debt by financial firms, it said.
In such conditions, systematic currency managers, whose decisions are rules-based, has historically outperformed discretionary managers, whose decisions are judgemental. During
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