Why Are Mortgage Funds Are up 15% This Year

Aug. 24 (Bloomberg) -- Macro funds, which typically invest in bonds, currencies, commodities and stocks, have lost 1.9 percent this year, according to data compiled by Bloomberg. An exception: BTG Pactual Global Emerging Markets and Macro Fund, which has returned 16 percent, primarily from wagering on U.S. home loans and emerging-market rates, according to copies of client letters obtained by Bloomberg News. Kelly Bit reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)

Full Show: Bloomberg ‹GO› (07/26)
08:36 - Bloomberg ‹GO› hosted by David Westin, Jonathan Ferro, and Alix Steel. Guests include Michael Purves, chief global strategist at Weeden & Co., U.K. Minister of State for Trade and Investment Mark Price, John Lechleiter, chairman, president and chief executive officer at Eli Lilly, Ellen Zentner, chief U.S. economist at Morgan Stanley, Libby Cantrill, executive vice president at Pimco, Will Slabaugh, restaurant industry research analyst at Stephens, Brian White, senior equity research analyst at Drexel Hamilton, Steven Ricchiuto, chief economist at Mizuho Securities, and Bob Michele, global chief investment officer at JPMorgan Asset Management. (Source: Bloomberg)
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