Currency managers reported a return of -0.13% for January, according to the Parker FX index, although 56% of the 45 portfolios reported positive results. On a risk-adjusted basis, the index is down 0.18%, although the median return is up 0.15%. The performance range for the month is between 7.74% and -9.2%.
The top performer reported for January is UBS OConnor, up 7.74% for the UBS Currency Fund (USA). Foreign Exchange Management ranked second, up 4.97%, and Millburn was third, up 4.84%.