Yen drives fund gains

Quantitative Financial Strategies, based in Stamford, Connecticut, was the top performer for the month, which reported gains of 7.39%. Avoiding US dollar exposure, meanwhile, helped Appleton Capital Management of Dublin to gains of 6.38% and the second spot for April.

"April saw us continue to hold our positions in the Japanese yen crosses, namely the euro/yen and Candollar/yen trades," said Jeremy O’Friel head of marketing at Appleton. "With the emergence of the single currency, more exposure

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