Dacharan leads in a mixed month for FX


May's volatile markets brought mixed results for currency managers. A notable outperformer was Dacharan Capital -- whose Foreign Exchange High Exposure was up 26.78% in May, boosting its year-to-date return to over 42%.

Informed Portfolio Management made 7.92% with its IPM Global Currency Fund, taking year-to-date performance to 8.42%. IKOS FX was up 6.82% to give it a 17.43% return this year. Two JP Morgan offerings, Euro Managed Currency Plus and Sterling Managed Currency Plus, were each up over 3% in May. Premium Currencies gained 1.67% and Rhicon Strategic posted a 1.5% gain.

The quantitative version of the GAM