Fixed-income managers enjoyed another good month in June, providing a positive end to a six-month period in which most have made solid gains.
Top performer last month, with a 3.70% return, was London Diversified's London Select - which is up 5.89% year-to-date. Capula Global Relative Value was up 2.10% in June, taking it to 6.73% so far this year. Aviva Investors Fixed Income Macro gained 1.75% (4.30% YTD), while Aviva's G7 Fixed Income was up 1.33% (4.78% YTD). Brummer & Partners Nektar Special Opportunity made 1.76% in June, compared with 95bp for Nektar.
The London Diversified Fund also gained ground,