NEW YORK (HedgeWorld.com)–Systematic traders in currencies beat discretionary-style FX managers during February, according to the Parker FX Index. The index as a whole was up 0.39%, but its systematic component gained 0.78%.

Top performer Aspect Capital, London, notched a 7.1% return for the month. It was followed by Jacobson Fund Managers, London, with 6.25% and Campbell & Company of Towson, Maryland, with 4.9%.

“Performance came predominantly from accurate positioning in sterling which, bolstered by another interest rate hike, made significant gains against other currencies including the dollar, yen, and Swiss franc,” said Aspect director and joint head of research, Martin Lueck, in a statement.

Parker FX contains 49 funds that have more than US$12 billion in currency assets and are managed by 35 firms. It is up 7.73% for the past 12 months, with the systematic segment contributing 8.71% and the discretionary component 4.38%.

On a risk-adjusted basis, the index rose 0.31 in February. Stamford, Conn.-based Parker Global Strategies runs the index (see ).

CKurdas@HedgeWorld.com