Performance

Macro returns remain mixed, although winners outnumber losers

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Global macro funds continued to display a wide dispersion of returns in July, but the majority made money on the month.

Collard Global Macro was up by 8.28% for the month, while IPM Systematic Macro made 6.97% and the high-performing Harmonic Alpha Plus Macro was up 6.30%. Fulcrum Alpha returned 3.40%, Eclectica banked 3.19%, Brevan Howard added 2.37% and GLG Emerging Markets was up 1.71%.

There were also positive numbers for BTG Pactual Global Emerging Markets and Macro (up 1.63% in July), BlueBay Macro (up 0.88%), Pharo Macro (up 0.77%) and GLG Atlas Macro (up 0.69%). Omni Macro