The Parker FX currency management index return was up 4.09% for March, the biggest monthly gain for the index since December. Of the 43 programs reporting, 35 were positive and eight negative. On a risk-adjusted basis, the index is up 2.68%. The median return is up 3.44%.
The top performer for March is Millburn, whose global currency management return was up 14.9%. Morgan Stanley Dean Witter ranked second with a return of 14.47% for its World Currency Fund.