Global macro suffers after dollar weakens against crisis-hit euro


The global macro category was easily the worst-performing strategy area during October. Many of the trend-followers were caught out by the sharp reversal and some discretionary managers were hurt by the US dollar’s weakening against the euro.

Edmond de Rothschild Prifund Alpha Traders was up 1.73%, taking year-to-date numbers to -6.92% while Rivoli Conservative Fund was down 0.02% to leave year-to-date figures at -0.03%.

One of the sector’s largest funds, Permal Macro Holdings, was down 0.26% on the month to take year-to-date figures to -2.12%. All the fund’s sub-strategies were positive except for systematic managers where trend