International Herald Tribune- Hedge fund managers are looking to global macro funds to try to steer clear of the mess created by the credit crisis while cautiously dipping into a small pool of more risky assets, a Reuters poll found.

Stormy markets have torn through the hedge fund market this year, forcing many to shut up shop and others to tumble, but most have still managed to keep well ahead of the severe double-digit losses suffered by global stock markets in the first half of the year.

The quarterly survey of 13 managers who invest in a basket of hedge funds and manage a total of about $150 billion in assets showed global macro funds leading the way through 2008 as they tend to benefit from periods of high volatility.

Typically global macro funds bet on the direction of markets, currencies or debt, and commodities.

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