Why Are Mortgage Funds Are up 15% This Year

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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)

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