Broad dispersion in macro as global markets turn more volatile


Macro funds provided a wide dispersion of returns in January as the global market environment turned increasingly volatile and uncertain.

Among those in positive territory were LGIM Global Macro (up over 5%), COMAC Global Macro (up 3.8%), Pivot Global Value (up 3.7%) Citi's CCA Global Macro (up 3.16%), Onslow Macro (up 2.82%) and North's Max Q strategy (up 2.34%).

Pharo Macro, GLG Emerging Markets, Rubicon Global and Omni Macro were all up by over 1% on the month - while Threadneedle Macro Trading Crescendo, Brevan Howard Emerging Markets and Moore Emerging Markets were all narrowly positive.

Brevan Howard was slightly down