Macro Manager Glen Point Said To Return 22.7% YTD On EM Bets

Oct 19 2017 | 9:35pm ET

Global macro hedge fund manager Glen Point Capital has reportedly returned more than 22% in the first nine months of 2017, vastly outperforming most of its peers.

The performance comes primarily from correct calls on emerging market debt and currency movements, according to a Bloomberg article citing unidentified individuals familiar with matter.

The exposure helped Glen Point significantly outperform other global macro managers over the period; HFR’s HFRX Macro/CTA index essentially broke even for the year through September, while the flagship funds at Brevan Howard and Rokos Capital Management lost -4.6% and -1.2%, respectively.

Glen Point was founded in September 2015 by former BlueBay Asset Management portfolio managers Neil Phillips and Jonathan Fayman, The London-based firm counts billionaire George Soros as a client and manages some $2.3 billion.

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