Rubicon, Onslow score in another tricky month for macro


June was another month of mixed performance for macro funds, bringing to a close a topsy-turvy first half in which only a slim majority made gains.

Rubicon Global made 3.99% in June and stands at 15.25% for the year. Onslow Macro gained 2.37% for an 8.5% first-half return, and Omni Macro was up 2.10% for a 20.21% YTD return. Brevan Howard added 1.31% in June, while Brevan's Emerging Market Strategies Fund made 76 basis points, but is down just over 1% YTD.

Several big names ended the month roughly flat. GLG Emerging Markets made 22bp in June, for