FX players profit on big currency moves


A number of currency funds posted punchy returns in an increasingly lively FX market.

JP Morgan’s Managed Currency Plus Fund was up over 9% in its sterling class, and by 8.5% in its euro class, while the high-performing IKOS FX fund was also up by over 9% for a year-to-date return of almost 30%.

There were also strong numbers on the month from SingleHedge’s Emerging Market Currency Plus fund (up 4.75%) and Currency Plus Fund (up 4.52%), as well as Henderson Global Currency (up 4.64%) and Baring Alpha Currency (4.00%).

The SingleHedge Currency Options Fund was one of