BTG, Autonomy, Pivot Macro Funds Buck Trend To Gain

Oct 3 2012 | 12:25pm ET

Three top macro funds have one thing in common with each other and not with their peers: They're making money, consistently, this year.

Macro funds run by Autonomy Capital Research, BTG Pactual and Pivot Capital Management have all defied the difficult macro environment. And all did it in different ways.

BTG Pactual's Global Emerging Markets & Macro Fund is up 17% this year through August, Bloomberg News reports. The US$3 billion fund, which returned just 3.4% last year, profited from its bets on emerging-market interest rates and U.S. mortgage securities.

Autonomy's US$2.8 million Global Macro Fund has earned its 10% in the first eight months of the year in Latin America, betting on rates in that region. The Autonomy fund rose 14% last year.

Finally, Monaco-based Pivot Capital Management's US$1.7 billion macro fund has followed up its 17% return last year with a  6% return through August this year. Pivot's big wins came in Australia, where it bet on lower rates.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR