Performance

Losers outweigh winners in volatile macro space

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While April showed continued evidence of the divergence among macro funds that has been a persistent feature of the strategy set over the past couple of years, the majority of funds ended the month in negative territory – with the macro group as a whole producing a median loss of 0.43%.

Harmonic Alpha Plus Macro was up 5.71% on the month, giving it a year-to-date gain of 12.26%. SC STIRT 4 returned 4.54% for a 4.52% YTD figure and Danix made 3.17% in April – although it remains adrift by some 4% for the year to date.

Eclectica