Big Name Global Macro Funds Still In The Red

Only a few hedge funds in the global macro category have performed well this year. The lull in volatility and ultra-low interest rates has not done any favors to those making bets on macroeconomics. Bloomberg’s Global Macro Hedge Fund Index was up just 1% YTD at the end of August. Some of the top global macro managers that are in red this year are Moore Global, Fortress Macro, Discovery Global and Eclectica Fund. Paul Tudor Jones’ Tudor B.V.I Global is also scraping by with a -0.6% return YTD through September 12. Fortress, Brevan Howard down Michael Novogratz and Jeffrey Feig’s…