Currency fund managers continue to suffer in 2006, as the latest statistics from Barclay Group show the Currency Traders Index gained just 0.01 percent in October and is still down more than 2 percent for the year (through Oct. 31).

The index had increased in value for 10 straight years until 2005, when it lost 1.21 percent. If things don’t turn around, the index will have back-to-back losing years for the first time since 1993-94.

Some of the big names in the currency fund field are feeling the heat. John Henry’s Strategic Allocation Program, a $1.25 billion fund, is down 12.5 percent on the year. While the fund has a diversified portfolio, its biggest holding is currencies, which account for more than one-third of total assets.

There have been some winners, though. The Worldwide Capital Management fund is up more than 70 percent in 2006. The fund has only $3 million under management, but it turned in triple-digit gains in 2004 and 2005.

Among funds with more than $10 million under management, the Algorithmic Trading Advisors LLC fund has enjoyed a run-up of almost 60 percent in 2006. The fund has more than $11 million under management — approximately $20 million less than in 2005, when many investors got out after the fund’s value increased by almost 700 percent.

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