Hedge Funds Performance

Stoneworks powers ahead in global macro


Stoneworks, the $360 million global macro operation led by former Goldman and Peloton partner Max Trautman and backed by Investcorp, is continuing to make excellent progress at a time when some other macro strategies have faltered.

Max Trautman

The Investcorp Stoneworks Global Macro Fund was up by 6.86% in May to take its annualised net return after 22 months of trading to over 14% - and was flat in June.

Since inception in August 2007, the fund's cumulative return stands at some 28% and the strong recent returns have come from a broad spread of positions -