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. Q2 2023 hedge fund letters, conferences and more Battling Inflationary Pressures According to Mission Crest’s August letter to investors, which was obtained by Hedge Fund Alpha,…
This Global Macro Fund Was Nearly Flat Amid Continuing Macroeconomic Pressures
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.
