Global macro funds struggling

The FT has a good follow up to an earlier note I put up saying only 11% of fund managers had outperformed the S&P500 this year.

Moore Capital echoes macro funds’ woes

Traders lament the lack of solid macro trends this year but I think it speaks to a lack of conviction since the crisis, like post-traumatic stress disorder.

That said, everyone at ForexLive is very excited for the fall because it’s set-up to be a major turning point.