Global macro funds bank gains as September trends continue


October was a good month for the global macro category as discretionary managers and, particularly, trend followers found plenty of opportunities pretty much across the board.

Momentum/trend signals were particularly profitable and a lot of the gains continued from the trend that started in September for the medium term models. Precious metals were up due to US dollar weakness, while long positions in agricultural commodities saw profits in October, largely on the back of upcoming bad weather.

Tredia Performance Fund was up 4.51% to take year-to-date numbers to 4.48% while Centennial Global Macro was up 3.14%, putting year