A macro hedge fund to buy in trying times

This macro hedge fund has outperformed traditional defensive funds and other listed hedge funds

Tornado of money over cityscape
Macro trading can offer a safe haven in stormy markets
(Image credit: © Getty Images)

The runaway champion of the current market turbulence has been the Brevan Howard fund called BH Macro (LSE: BHMG), which is up 20% in share-price terms year-to-date. Its returns are so good that it has left traditional defensive funds such as Personal Assets (down 5%), Ruffer Investment Company (up 4.5%) and Capital Gearing (up 5.4%) in the dust.

To be fair, this trio are fundamentally unlike BH Macro: they are multi-asset investors who use fairly conventional holdings (stocks, bonds and other trusts) defensively – although they have also been known to use esoteric strategies at times – while BH Macro is a full-blooded hedge fund.

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David C. Stevenson
Contributor

David Stevenson has been writing the Financial Times Adventurous Investor column for nearly 15 years and is also a regular columnist for Citywire. He writes his own widely read Adventurous Investor SubStack newsletter at davidstevenson.substack.com

David has also had a successful career as a media entrepreneur setting up the big European fintech news and event outfit www.altfi.com as well as www.etfstream.com in the asset management space. 

Before that, he was a founding partner in the Rocket Science Group, a successful corporate comms business. 

David has also written a number of books on investing, funds, ETFs, and stock picking and is currently a non-executive director on a number of stockmarket-listed funds including Gresham House Energy Storage and the Aurora Investment Trust. 

In what remains of his spare time he is a presiding justice on the Southampton magistrates bench.