In a month where the S&P was down 2% and the NASDAQ was down 3%, the PivotalPath Hedge Fund Composite Index rose 1%. In 2022, the Composite is down 1% compared to double digit losses for the S&P 500 (-16.4%) and the Nasdaq (-24.5%). What’s driving some of this outperformance?
PivotalPath’s Managed Futures Index and Global Macro Index continued their strong performance this year, returning 3.1% and 3.4% respectively in August.