Pivot, GLG, Brevan score amid high macro dispersion


The wide dispersion of returns that has been seen among global macro funds for many months stepped up another notch in August – with some big outliers on both the positive and negative sides.

Although the majority of macro funds reported a loss in August, with some of them taking significant hits, there were also an impressive number who made it through a wild month unscathed, or even with substantial profits.

Some of the worst performers in August included Aros Paradigm (down 16.46% on the month), GLG Emerging Markets (-12.53%), SC STIRT (-11.19%), and IPM Global TAA (-10.42%).