Currency managers suffering badly in 2012, research finds
Low volatility in the foreign exchange market, the political and economic crisis in Europe and the large-scale intervention by central banks have combined to destroy the returns of currency fund managers in 2012, according to a study by Milan-based forex research and advisory firm JW Partners.
The study, which surveyed 80 currency managers globally, found that the first eight months of 2012 (up until the end of August) produced an average return of –1.12%, while 2011 saw average returns of 0.84%
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