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From Kirsten Bischoff, Opalesque New York:

The only strategy in the Credit Suisse/Tremont Broad Index to maintain positive performance for the previous five months (November to March), global macro funds have been basking in the light of a recent uptick in investor interest.

According to Standard & Poor’s Q109 review of the fund of hedge funds sector, global macro (along with managed futures) was a main focus of fund of hedge funds allocations 20 years ago. However, both strategies saw a pullback as event driven and arbitrage strategies began receiving a growing share of FoHFs’ allocations. But solid performance through the past few months, and the increased liquidity the strategy lends to an overall portfolio has found global macro back in the good graces of FoHFs’ allocators.

“The reason capital flows are moving towards global macro is because those managers are not only linked to trading equities or fixed income, or only being long real estate,” Richard Whelan, Founder and CEO of Toronto-based King’s Crossing. “The possibilities available to a global macro manager, whether they be a quantitative or a fundamentalist approach is far more appealing to investment managers.”

Macro fund launch King’s Crossing is looking for the asset raising traction in global macro to help them reach their target of $350m for a new global macro fund, the KCCI Global Opportunity Fund. The Fund invests across al......................

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