Emerging Markets Propel Smaller Macro Hedge Funds to Success

October 30th, 2012
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The recent retirement of trading dynamo, Greg Coffey, age 41, from Moore Capital, signals the continuing fall from grace of the long-established macro hedge funds such as Tudor Corporation and Caxton Associates. As reported by Financial Times, a number of once prominent macro hedge funds are giving way to newer, smaller and more nimble macro hedge funds with managers who are able to think outside the U.S.-Eurozone box.

The average macro hedge fund is up just 0.7 percent this year while several, smaller hedge fund managers are reaping returns of 15 to 20 percent by focusing almost exclusively on emerging markets in Turkey, eastern Europe, South America and Korea. Hedge funds such as BTG Pactual, Pivot, Armajaro Emerging Markets, Pharo Management and Autonomy Capital Research have decoupled their strategies from events in the Eurozone and the U.S., something the more established macro hedge funds haven’t been able or willing to do.
For Detailed Investor Profiles on these Investors, click below:
Armajaro Asset Management
Caxton Associates
Moore Capital Management
Tudor Investment Corporation
Related People: Aaron Rowe ; Andrew Law; Anthony Ward; Bruce Kovner; Greg Coffey; Harry Morley; Henry Bedford*; James Pallotta*; Jean-Philippe Blochet; Louis Bacon; Nick Glinsman; Paul Tudor Jones, II; Richard Gower
Related Entities: Armajaro CC+ Fund; Armajaro Commodity Funds; Armajaro Emerging Markets Fund; Armajaro STS Commodities; Altar Rock*; Armajaro Holdings Limited, Armajaro Limited; Armajaro Natural Resources; BVI Global Fund Ltd; Caxton Alpha Equity LLC; Caxton Associates; Caxton Equity Growth (BVI) Ltd; Caxton Global Investments USA LLC; Caxton Healthcare Trading LLC; Caxton International LTD; Moore Capital Emerging Markets; Moore Global Fixed Income; Moore Japan Restructuring; Raptor Global*; Remington Investment Strategies; Tudor Investment Corp; Tudor Investments; Tudor Momentum Futures Fund; Tudor Tensor; Valence Capital Management
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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