Global macro shows broad variance in performance due to trends

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With wide swings in currencies, equities and commodity markets in particular, the global macro category saw a big dispersion in performance numbers in August.

Trading Capital Holdings was up 5.8% on the month to take year-to-date figures to 3.46%, while Stenham Trading was up 1.35%, putting year-to-date numbers at -1.66%.

Opus Macro Fund was up 0.66% to take the year’s returns to 3.25% and Permal Macro Holdings saw a 0.25% monthly return, putting the year’s figures at -0.26%.

HSBC Trading AdvantEdge was down 0.11% to take year-to-date figures to 1.24%. Within the portfolio there were positive contributions from