Winners and losers in macro as the bullish rally drives global markets


January was generally positive for global macro strategies, although not all funds finished in the black after being wrong-footed in a month of conflicting economic and market signals and sentiment.

Aros Paradigm ended the month out in front with a 14.54% gain, although it is still down by 12% on a 12-month basis, while Vega Select Opportunities was up 6.98% and Camomille Global Opportunities returned 6.32%. Brevan Howard Emerging Markets Strategies made 6.47%, while GAM Global Rates was up 5.73% and GLC Global Macro returned 4.75%.

LGIM Global Macro was up by 4.51% and GLG Emerging Markets made