Global macro boosts performance in July


With June returns of 0.63% and July returns of 0.7%, the global funds of hedge funds industry is crawling towards positive territory, up 1.33% for the year to date according to the InvestHedge composite. Global multi-strategy is following in the footsteps of the July returns, up 0.73%, although GMS is up 1.86% for the year.

Global macro made a stunning comeback in July, up 1.88%, to take the year to date to 0.19%. Looking at the graph for global macro since the start of 2009, on a compound basis, global macro is the top performing strategy. While Asia