Currency hedge funds returned 0.3 per cent in May 2007, according to the Parker FX index, which tracks the performance of over 80 currency funds. The median return for the month was 0.29 per cent, while the performance for May ranged from up 8.88 per cent to down 4.42 per cent. In the year to the end of May, the index was up 1.49 per cent. In April, the Parker index was up 1.99 per cent.