Macro managers make headway, but dispersion remains


Continuing a year of very mixed performance in global macro, August provided another month of high dispersion - with many funds making headway while others fell back.

Top performers included LGIM Global Macro (reversing its loss for the year with a gain of over 8%), 36 South (up 7.93%), CCP Quantitative Aristarchus (7.08%), Capula Tail Risk (4.87%), and Omni Macro (3.15%).

COMAC Global Macro was up 2.29%, Polar Capital Discovery made 1.93%, Threadneedle Macro Trading Crescendo posted a gain of 1.79%, and Fulcrum Alpha made 1.67%. Brevan Howard Emerging Markets Strategies gained 1.63%, while the Brevan Howard Fund was up