Macro Currency Funds Tumble

Currency funds are down 1.68% this year, after losing 1.1% last year and dropping 3.2% in 2011, according to data-tracker HFR. Assets in hedge-fund strategies dedicated to currency trading have fallen to $21.6 billion, down nearly 50% from a peak of $40.4 billion in 2007.

More information on this topic was recently published in the Wall Street Journal:

FX Concepts Closing Asset-Management Business

The investor retreat from the once-lucrative currency-trading arena passed a milestone Wednesday with the closure of a firm that once was the largest of its sort, FX Concepts.

The New York firm, whose assets under management shriveled to $660 million last month, from $14 billion at the dawn of the financial crisis, will close its asset-management business over the next few weeks and return money to investors, the company said in a statement.
Full Article:

http://online.wsj.com/article/SB10001424052702304520704579125522664769310.html


HFRI Indices: www.hedgefundresearch.com