Bloomberg – After posting three straight years of losses that thinned the ranks of hedge funds specializing in currencies, the foreign-exchange market is showing signs of rebounding.
Parker Global Strategies LLC’s index of leading currency funds climbed 0.9 percent in August, the most since January 2013 and trimming losses in 2014 to 2.2 percent. That followed a 0.3 percent gain in July, the first consecutive advance since October, as diverging policies among central banks create wider price swings for investors to exploit.
