Mission Crest Capital declined about 0.45% in August amid a mixed macroeconomic backdrop that caused wide dispersions in performance among macro strategies last month. Quarter to date through the end of August, the global macro fund is up 0.73%, while it's down 3.47% year to date.
For comparison, the HFRX Macro CTA Index was down 0.04% in August and is down 1.09% for July and August. The index is down 0.84% year to date.
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Battling Inflationary Pressures
According to Mission Crest's August letter to investors, which was obtained by Hedge Fund Alpha, various indicators...
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