Currency managers end 2015 on downbeat note

Parker FX Index shows negative returns of 0.51% for December

Rough waters: 16 of the 30 funds participating in the Parker FX Index reported losses

Currency funds finished 2015 on a downbeat note, racking up negative returns of 0.51% in December as the dollar and the euro exchange rate moves defied expectations, leading 16 of the 30 funds participating in the Parker FX Index to report losses.

The disappointing month follows a mixed year for investors, although the impact of the first interest rate hike in the US for almost a decade has yet to filter through to results.

On a risk-adjusted basis, the Parker FX Index was down 0.23% in December

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