This Global Macro Fund Was Nearly Flat Amid Continuing Macroeconomic Pressures

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Michelle deBoer-Jones
Published on
Hazelton Capital Partners

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,…

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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.