Performance

Dispersion among top macro traders

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Macro funds finished the year with positive returns, though they generally fared considerably less well than they did in 2008. The EuroHedge Macro Index showed a median loss of 0.60% in December and a YTD gain of 6.62%, with a mean loss of -0.59% in December and a mean gain of 8.75%.

Among the biggest winners were Prana (with a 77.66% YTD return after a December gain of 3%), Pharo Macro (48.40% YTD and 3.65% in December), Episode (35.56% YTD and 4.14%), Onslow Macro (36.95% YTD and 2.39% in December), Brevan Howard Emerging Markets (24.95% YTD and -1.33%