Here is the latest update from the folks at GalleonFX:
February results from BarclayHedge‘s Managed Currency Fund Rankings were released this month in April. Once again Galleon is in the top 4 for the 5 of the last 6 months. This time in 3rd place with 9.00% net returns for the month of February.
Galleon has remained among the top four FX managers in the world during the last 4 months of 2007 ending the year with a 97.35% net return as calculated by BarclayHedge.
The other top 10 managers ranked here nearly all have minimums between $50,000 and $100,000 while at the time of this posting, Galleon offers a minimum at a fraction of this.
Though our yearly return is still down at this point, with what we have learned in 2007 and with the adjustments and improvements we’ve already made to our systems, it could be possible to net our clients 100% in 2008, even after starting the year with our worse month ever in January. Of course there are no guarantees and past performance is surely no guarantee of future results.
BARCLAY HEDGE PERFORMANCE RANKINGS: Managed Futures
As taken from http://www.barclayhedge.com and Currency Traders Magazine.
Currency Traders Managing At Least $1 Million but Under $10 Million as of Dec 2007