Global macro boosted by commodity trading adviser component


Global macro was the best performing sector in August with the median up 1.18% to take year-to-date figures to 0.23%.

Trend-following fixed income was particularly profitable, as was holding long fixed income positions.

Commodity trading advisers did well as equity markets moved lower and the euro fell, while agricultural products rallied. Ironically, commodities fell as risk aversion in August grew. Macro economic data was weaker than expected and so risk aversion increased and there was a predictable flight to safe-haven assets.

Tredia Performance Fund was up 4.32% on the month to put year-to-date numbers at -2.61%, and NewFinance's