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Macro hedge funds on course for record year as others struggle

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This year’s big interest rises have set bond and currency trading macro hedge funds on course to record their best annual gains since the global financial crisis in 2008, according to a report by the Financial Times.

The same interest rates rises though, have caused major problems for equity specialists and mainstream investors.

Billionaire trader Chris Rokos, who recovered from losses last year to gain 45.5 per cent in 2022, is among the year’s big macro winners, with the Brevan Howard co-founder on track for his best year since launching his own fund, which now has $15.5 billion in assets, in 2015.

Other winners include Caxton Associates chief executive Andrew Law who gained 30.2 per cent to mid-December in his $4.3 billion macro fund, and Said Haidar, whose New York-based Haidar Capital has gained 194 per cent through its Jupiter fund, helped by bets on bonds and commodities, having at one stage this year been up more than 270 per cent.

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