Diverse macro returns bring bigger losses than gains


October saw wide dispersion yet again in global macro, although the range of positive and negative performance was generally narrower than it has been in other months this year.

Among the positive performers Nordea Alpha 15 made 3.01% on the month, while Aros Paradigm was up 2.47%, Max Q made 2.41%, BTG Pactual Global Emerging Markets and Macro gained 2.27% and Onslow Macro was up 2.21%.

Omni Macro returned 0.93%, GAM Global Rates was up 0.92%, and TT International rose by 0.61%. Other funds making modest progress in October included IPM Systematic Macro (0.60%), CDAM Global Opportunities (0.47%),