Mixed fortunes for major macro players


It was another mixed month for macro funds, with a fair amount of dispersion of returns again in what is proving to be a topsy-turvy year for macro managers.

Among those adding gains in June were Pharo, which netted nearly 3% in June and is now up nearly 25% for the year, and the CR Global Fund, which added 2.06% in June and is now up 5.77% year-to-date. M&G's Episode strategy gained 1.76% in June and is up an impressive 18% this year.

GLC Global Macro gained 0.93% in June and is up 15.52% year-to-date, while JB Global Rates