These Macro Funds Are Winning Big in August as Volatility Surges
- Haidar, PruLev gain as U.S. yield curve inverts, gold rallies
- Some investors miss out after losing faith in macro strategy
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Several macro hedge funds are on track for a banner month in August as fears of slowing global growth and protracted trade tensions sparked a long-awaited resurgence of volatility in currency and credit markets.
Hedge funds from New York’s Haidar Capital Management to Hong Kong-based Counterpoint’s Asian macro fund have posted hefty returns in August as haven assets such as gold, the yen and Swiss franc rallied, and China’s yuan weakened.