Macro winners and losers split evenly in another month of broad dispersion


The macro fund universe was split almost exactly 50/50 in October between funds that made money and those that lost it. At one end of the spectrum was IPM Global TAA, which gained by 4.65%; at the other extreme, CCA Global Macro lost 4.29%.

Auriel Global Macro was up 3.23% and Melchior Global Macro made 2.18%. David North’s LGIM Global Macro Fund gained 2.15%, while the GLG Emerging Markets Fund was up 1.78%. Fulcrum Alpha made 1.20% and Vega Select Opportunities was up 0.91%.

Harmonic Alpha Plus Macro posted a 1.44% return and Pharo Macro made 1.63%. Moore