Dollar trend drives fund profits

FX Concepts of New York ranked second for the month, with gains of 6.6%. Philip Simotas, president of FX Concepts, said that in addition to strong performance from the trend model, "it was an exceptional month for the yield module as funding currencies were either steady, such as the yen, or weak, like the dollar, and the high-yield currencies were generally stronger across the board".

Quantitative Financial Strategies of Stamford, Connecticut was the top performing fund for the month, with

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