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Global macro funds are having a stellar 2018

The return of sustainable trends, like gradually rising interest rates, have helped some funds to make shrewd bets

Nigol Koulajian, founder and chief investment officer of Quest Partners, one of the macro managers posting strong performance in 2018
Nigol Koulajian, founder and chief investment officer of Quest Partners, one of the macro managers posting strong performance in 2018 Photo: Getty Images

While stock and bond market volatility has buffeted most investors in 2018, some shrewd global macro managers are posting stellar numbers this year.

For instance, Jeffrey Talpins’ $17.5bn Element Capital fund has soared 25% through the first three quarters. Said Haidar’s $428m Haidar Jupiter fund is up nearly 25% in that time. And Nigol Koulajian’s $1.5bn AlphaQuest Original program has gained 17%. All of these managers already have strong long-term track records.

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