Brevan, Max Q, Pivot head macro field


2011 was a year of very high dispersion in macro returns and December was no exception. Among the clear winners on the year were Max Q (up 25.17% after gaining 5.49% in December), Pivot Global Value (up 16.57% in 2011 despite dropping 2.30% last month), and Brevan Howard (12.12% for the year after a 0.48% December) – while new launch Kohinoor Core is annualising at 32% after a flying start in 2011.

Eclectica made 11.56% on the year and LGIM Global Macro gained 13.11%, while Capula Tail Risk was up 11.20%, Omni Macro made 10.45%, Vega Select Opportunities