AUTOREFRESH 
Lack of clear direction hurts currency funds
By Sam Diakou || July 6, 2009 at 03:26 GMT
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It seem some of the world’s biggest currency funds cant get direction right. FX Concepts Inc have reported a loss of 5.4% in this year’s first 5 months and John W.Henry & Co. has lost 2%. A lack of clear direction and markets being pulled in opposing directions the contributing factors.
Good thing is that funds run by humans rather than computers/algos are mostly in positive territory this year…this is the likes of ourselves! ; )
Bloomberg seem to be having one of their on/off story days again as this article has disappeared. Still, I bet it reads along the lines of folk pulling their hair out over attempts to find direction …. I know exactly how that feels and the reason why I’ve taken to wearing a crash helmet whilst trading.
it’s 9.40 and it’s back up there Blackday
Oh no it isn’t ….. (the Bloomberg pantomime has begun folks!)
“I am not trying to make any excuse, but certainly it has been difficult,” … Update (2) is now showing on screen