•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

From the Opalesque Team: CTA and macro hedge funds were among the winners in 2008. Here is a look at two macro funds and their forecasts.

The Greenwich global macro hedge fund index was up 6.4% last year and the Eurekahedge Macro hedge fund index was up 2.41%. Hennessee's Global/Macro Index (see above article) went up 0.44% in January and -20.57% in 2008.

North A.M.: The economy will feel the `L` starting to develop in Q2 - macro fund up 6.67% in 2008 The MaxQ Fund gained an estimated 4.68%, for the month of December 2008, bringing the estimated year to date return to 6.67%, net of fees.

London-based North Asset Management's MaxQ Fund is a macro hedge fund with a global mandate but predominately focused on the European time zone. It invests in a broad spectrum of assets including global fixed income, foreign exchange and equity markets both in developed and emerging markets while also looking at special situation opportunities.

The manager commented in the monthly report obtained by Opalesque that, macro wise, Q1 should see global labor markets weaken dramatically. This will make the end of Q2 and into Q3 of 2009 a critical period as private sector credit growth does not recover in the US. "The root cause of the economic challenges continues to be a significant decline (permanent) in USD cash flow in the economy triggered by the emerging savings cycle in the US household sector......................

To view our full article Click here