Bloomberg – Asia-focused managers of macro hedge funds beat U.S. veterans such as Paul Tudor Jones and Ray Dalio in October, the worst month for the strategy in more than a year.
Funds managed by Quantedge Capital Pte, Dymon Asia Capital (Singapore) Pte and City Financial Investment Company (Hong Kong) Ltd., which invest based on trends in stock, bond, currency and commodity markets, each returned more than 2 percent in October. Dalio’s Bridgewater Associates LP, Fortress Investment Group LLC and Jones’s Tudor Investment Corp. lost money as stock and credit markets swung.
