Macro Strategy Profile

The first eight months of 2022 have been characterized by a turbulent market environment, with rising recession concerns amid multi-decade high inflation and central bank hawkishness weighing down on global bonds and equities. The S&P 500 and NASDAQ Composite have fallen 17.0% and 24.5%, respectively, marking their worst performance since the 2008 global financial crisis. Against this backdrop, the average macro hedge fund (0.2%) and billion-dollar macro fund (10.9%) have performed well, outperforming all other hedge fund strategies tracked by With Intelligence, with the exception of CTA/managed futures (7.1%).

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