Performance

Macro managers keep the strong run going

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Macro funds generally made hay in May, with the majority of funds in the index posting gains.

A couple of funds posted punchy double-digit gains, including Prana (up nearly 22% in May and 44.29% for the year) and Nordea Alpha 15 (10.97%, for a YTD gain of nearly 15%). Several others posted gains north of 5%, including Danix, which rose 8.84% in May in its M class and is now up 8.15%, and Melchior Global Macro, which rose 8.45% and is now positive for the year at 2.40%.

Pharo Macro gained 8.33%, for an impressive YTD gain of