Losses outnumber gains in up and down year for FX players


Only a minority of currency hedge funds escaped a first-half loss after another difficult month for FX-focused strategies in June.

The GAM Currency Hedge Fund ended the six-month period down 12.50% in its US dollar portfolio and down 6.59% in euros. Alder Global is down 6.95% YTD after a 6.80% loss in June. JCH Global Currency is down 6.58% YTD but made 0.54% in June, and IPM Global Currency has lost 4.66% YTD despite a 1.22% gain last month.

Premium Currencies is down 3.59% this year but made 0.83% in June, while Quantica Diversified FX is down 1.23%