The sovereign debt crisis in the Eurozone and widespread economic uncertainty continued to present opportunities for global macro managers in April. But while many macro funds made money, there were also a substantial number that lost ground.
GLG Atlas Macro - run by Driss Ben-Brahim and Jamil Baz - had a strong month, returning 7.82% and taking year-to-date performance to over 16%. Rubicon Global gained 5.91% in April and is up 13.57% for the year so far.
BTG Pactual Global Emerging Markets and Macro was up over 3%, as was Onslow Macro. The Investcorp Stoneworks Global Macro Fund was up 3.00% and