Money Journal – Currency-focused hedge funds performed poorly as the dollar swung back and forth in May and even worse during the greenback’s fall this week, according to a widely watched barometer of these investors’ returns.
The Parker Global Currency Managers Index, which tracks the performance of funds in which the firm invests, dipped 0.58% last month, according to a preliminary figure provided by the company. The index also had a rocky start to the month of June, losing 0.92% this week through Thursday, the company said. Currency funds are down 0.03% in 2013.
