Global Macro Funds Lose In August; Tudor, Fortress, Caxton Decline

Hedge funds focused on global macro approach started off August on a negative note, as most of the large funds recorded declines in the first week of the month, according to returns from HSBC’s Hedge Weekly. The $2 billion Fortress Macro Fund, which was able to steer clear of losses through the major part of this year, took a -0.54% decline through August 9th whereas Fortress Asia Fund was down 0.45% in the same period. Both funds are up 9% and 11% for the year respectively. Brevan Howard, Paul Tudor post losses in August Brevan Howard, which has been losing…