Currency funds down in October
NEWS
STAMFORD, CT -- Dollar and yen movements in October helped one currency trading fund buck a trend of poor performance for the month, according to the Parker FX Index, published last week.
UBS O’Connor, based in London, said intervention in its dollar and yen positions had helped the firm see a return of 4.59% for its Currency Portfolio fund in October -- compared with the Index’s return of --1.08% on an aggregated basis.
The Index, published by Parker Global Strategies, noted that during the
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