FX Markets

Currency managers down in September

The index was down by 0.71% for the month, although it fell less than in August, which saw a drop of 1.67% (FX Week, October 7). Only 39% of the 44 reporting programmes on the index showed a positive performance in September. But despite the recent weak months, the index is still up 4.60% for the year-to-date.

The top-performing fund for September was Appleton Capital Management of Dublin, which was up 5.64% for its 25% Risk Program. The month’s performance owed much to the continuing weakness of

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