Funds of Hedge Funds Performance

Macro funds vary widely for the year so far


A fair month for macro funds saw most in positive territory. Over August, the median was up 0.43% to take year-to-date figures to 2.78%. Over 2009, returns are very widely dispersed.

Ivy Trading Strategies Fund was up 1.59% to leave year-to-date figures at 0.95%, while Blacksquare Capital Global Macro was up 1.13%, leaving year-to-date returns at 3.11%.

Blackpoint Global Trading was up 1.43% for the month to bring year-to-date numbers to a solid 10.9%. Within the portfolio, both systematic and discretionary managers had a good month with performance typically ranging from 0% to 2%. However, two short-term systematic programmes contributed