Macro managers did not enjoy a memorable February: After January's bonanza, the Absolute Return Macro Index surrendered 0.21%. The $920 million Drake Global Opportunities Fund broke ranks, however, was unfazed by the very same monetary policies that hurt many of its peers. With a February gain of 4.47%, the fund now boasts a 12.57% rise year to date and an annualized return of 22.68%.
DRAKE GLOBAL OPPORTUNITIES FUND
Drake Management was co-founded by Anthony Faillace and fellow BlackRock alum Steven Luttrell in 2001; since then, assets have ballooned to $3 billion. Faillace, who manages this fund, has