Currency Funds See Worst Year Since 2011 as Divergence Flounders

  • Parker Global's index of returns falls more than 2% in 2015
  • Strategies based on interest-rate differences are down 13%

Currencies in 2016: What's Next for the Yuan, Dollar?

Currency managers won’t be leading late-night celebrations after foreign-exchange funds suffered their worst year since 2011 as bets on monetary-policy divergence disappointed.

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