December was a mixed month for macro managers, but the majority ended a tricky year in positive territory. Vega Select Opportunities led with a 53.00% full-year return, following a 4.18% gain in December.
GLG Atlas Macro made 25.32% on the year, despite dropping 3.65% in the final month. BTG Pactual Global Emerging Markets and Macro ended the year up 22.38%, and Harmonic Alpha Plus Macro gained 20.32% in 2010. Fulcrum Alpha also performed well, making 17.43% for the year and 3.81% in December.
Rubicon Global lost 1.03% last month but ended the year up 14.98%. GLG Emerging Markets