Autonomy Capital’s Global Macro Fund was up 3.40% in June, largely owing to the overwhelming performance registered from the interest rates assets segment. The global hedge fund registered excellent results from its interest based investments in Australia, Brazil, and South Africa, due to different macro-economic factors, including poor economic conditions in the latter two.
The fund is divided into two major categories with two sub-divisions in each category. The two main segments include the Autonomy Global Macro Strategy, with $1.5 billion worth of assets under management (AUM), and the AB-SPV with $213 million worth of AUM.
Autonomy Global Fund Limited, one of the Autonomy Global Macro Strategy asset categories, has $909 million AUM, and was up 3.40%, while its counterpart, Autonomy Global Fund L.P, holds $342 million AUM, and was up 3.39% during the month of June.
The Autonomy Global Macro Fund registered an average return of 8.01% YTD, as of June 30th, with the Global Macro Strategy settling at 8.01%, while the AB-SPV averaged at 10.67%.
The average annual return stands at approximately 20%, with the Global Macro strategy averaging at approximately 15%, while the AB-SPV stands at an average of 39.60%.
Autonomy Capital manages over $2.7 billion worth of AUM, and has invested its funds across the globe, including the developed markets and emerging markets.
Some of the best performing investment vehicles included interest rates settling at the top of the pack, while foreign exchange was second, largely due to the strengthening of the dollar during the month of June, as well as a last ditch rebound of the Euro, toward the end of the month.
The Korean Won was also on the rise during the last half of the month of June, adding to the gains in this vehicle. Credit investments added significant gains to the fund, but the gains from equities were not as feasible.
Geographically, a majority of the gains were registered from investments in the Latin America region, accounting for 1.36 out of the 3.4 percent gain registered, while the developed Asian Markets, excluding Japan, were second at 0.84 percent, with emerging European markets and developed Europe coming in third and fourth respectively, despite the Euro Zone crises at 0.67 and 0.63 percent. North America recorded the biggest decline for the Autonomy Global Macro Fund, at -0.18, with emerging Asian Markets pegged at -0.12.