Macro Funds Add to Good Start to the Year
Posted by Colin Lambert. Last updated: April 21, 2021
Macro funds continued a positive start to 2021 according to the SG Prime Services, with the firm’s Macro Trading Index rising 0.62% in March for a 1.73% year-to-date return.
Both quantitative and discretionary traders were up on the month, by 0.44% and 0.81% respectively – year-to-date, quant traders crept into positive territory at +0.03%, while their discretionary brethren are enjoying a decent start at +3.2%.
The SG Commodity Trading Index was up 0.31% for the month and is +3.89% year-to-date.
The SG report adds to a strong overall environment with both the BarclayHedge and HFR indices reporting strong first quarters. The HFRI Fund Weighted Composite Index gained +1.0 percent in March for +6.1% year-to-date – the strongest first quarter since 2000 – while the Barclay Hedge Fund Index was +1.18% for March and is up 4.87% in 2021.