ODD LOTS
ODD LOTS
Parker Global Strategies reports currency managers had a weak year in 1998. The Parker FX Index was up 4.59 per cent for the year on a reported basis and negative 0.19 per cent on a risk-adjusted basis. This compares with reported returns of 12.52 per cent for 1997, and risk-weighted returns of 5.97 per cent. Systematic managers marginally outperformed their discretionary counterparts with the Parker Systematic Index at 4.55 per cent for the year, compared with 4.46 per cent for the
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