PolyMac Global Macro Fund Review | 7.9.10

  • FT.com | Paulson's flagship funds hit by volatility The world's greatest hedge fund manager, John Paulson, and the largest beneficiary of the global financial crisis to this point has seen tougher times thus far in 2010. Flagship Paulson & Co Advantage Fund is down -5.8% year to date, and the Paulson Recovery Fund lost -9/9% in May and -12.39% June. The only fund up on the year to date is the Gold Fund (+13% ytd). Other global macro icons have struggled in the current environment as well, with Louis Bacon's Moore Capital down -6.9% ytd, while Paul Tudor Jones' BVI Global fund has fallen -1.8% ytd.

  • Reuters | Oakley backs macro hedge funds in volatile environment According to Teun Johnston of the Oakley Opportunities fund of hedge funds, which launched last week, global macro funds should do well under current market conditions. So far Oakley has allocated 20-percent of its $250mm AUM in macro funds. 

  • HedgeCo.net | Galtene Ltd expands, opens fund in Europe NYC fund specializing in commodity-based global macro strategies with over $1B AUM has hired Werner Schnenemann to manage their new Giltene AG fund, which will be based out of Switzerland. 

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