Global macro hedge funds rebound in July, some stock funds fall

Livewire News

Livewire

"Big hedge funds that bet on currencies and interest rates had their best July in years, according to figures obtained by Reuters, while the performance of stock-picking hedge fund managers was mixed due to market gyrations. The returns put most prominent macro-focused hedge funds into the black for the year, after losses in April and June, but they still lag their equities-focused rivals year-to-date, according to the figures. Among the biggest global macro hedge fund winners in July was Robert Citrone's Discovery Capital Management and Cantab Capital Partners Quantitative Fund, which gained 5.88 percent and 6.25 percent during the month, respectively. Winton Futures Fund, which manages about $12 billion, gained 4.4 percent in July, taking its year-to-date return to 2.4 percent, the data showed. And Ray Dalio's Bridgewater Associates' Pure Alpha fund gained 2 percent in July and is up 9 percent for the year. In general, global macro funds gained an average 2.3 percent after dipping 2.7 percent in June, HFR data showed." To read the full article (VIEW LINK)


1 topic

Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment