Macro hedge funds post double-digit returns

Wealth Bulletin- Macro hedge funds that place bets based on views of the global economic outlook have shown returns of more than 12% this year, outperforming the S&P 500 index by about 17%, data from Hedge Fund Research revealed, according to a report in the Financial Times.

Macro hedge funds, which attempt to identify extreme valuations in stock markets, interest rates, foreign exchange rates and commodities, are the only categories of the investment vehicles to have racked up double-digit returns so far this year.

The performance is in sharp contrast to most other types of hedge funds. Merger arbitrage managers, who bet on the price movements of companies in the run up to mergers, have posted returns of just 2.3% in the year to date.

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