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Lack of clear direction hurts currency funds

By   || July 6, 2009 at 03:26 GMT
|| 5 comments || Add comment

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.

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Category: All, Asia, Mkt Talk
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5 Responses to “Lack of clear direction hurts currency funds”

  1. saferanger on July 6th, 2009 05:50 GMT

    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! ; )

  2. Blackday on July 6th, 2009 08:32 GMT

    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.

  3. gerry davies on July 6th, 2009 08:40 GMT

    it’s 9.40 and it’s back up there Blackday

  4. Blackday on July 6th, 2009 09:06 GMT

    Oh no it isn’t ….. (the Bloomberg pantomime has begun folks!)

  5. Blackday on July 6th, 2009 10:46 GMT

    “I am not trying to make any excuse, but certainly it has been difficult,” … Update (2) is now showing on screen

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