Same old story in macro as winners and losers divide


August saw another mixed bag in macro, with the pack split roughly 50/50 between winners and losers. That said, gains and losses were both generally modest on the month – and there were few significant outliers on either side.

Laurentia Global made 3.84% on the month, while SC STIRT 3 was up 3.54% and Abraxas was also up just over 3%. CDAM Global Opportunities made 2.89%, Fulcrum Alpha gained 2.19%, Fourth Moment gained 2.18%, Max Q was up 1.80% and BTG Pactual GEMM made 1.63% for a striking YTD return of 17.41%.

Tanglin was up by 1.6% and