Key Takeaways
- • The Winton Alma Diversified Macro Fund returned 2.18% in September 2026, lifting its year-to-date gain to 15.83%, according to Hedge Fund Alpha.
- • The fund manages $151.5 million in assets and benefited most from short fixed income positions as government bond yields climbed to multi-year highs.
- • Long energy positions added to returns as Brent crude moved back above $100 per barrel amid renewed conflict between the US and Iran.
- • Agricultural commodity positions weighed on performance as crops retreated from late-August highs.
Summary
The Winton Alma Diversified Macro Fund, the UCITS-format vehicle of Winton's CTA strategy, returned 2.18% in September 2026, bringing its year-to-date gain to 15.83%, according to Hedge Fund Alpha. The fund manages $151.5 million in assets.
Short positions in fixed income were the principal driver of performance, as government bond yields rose to multi-year highs. The article identifies the US yield curve as the strongest contributor within the fixed income book, with the strategy capitalizing on rising yields through its short exposures.
Energy positions also contributed positively. Brent crude moved back above $100 per barrel amid renewed conflict between the United States and Iran, supporting the fund's long energy exposure. Concerns about inflation accompanied the rally in oil and bond yields.
Agricultural commodities were a drag on the month, as crop prices retreated from late-August highs. The source article is partially paywalled, so further detail on position sizing and the remaining attribution breakdown is not available.
Short positions in fixed income were the principal driver of performance, as government bond yields rose to multi-year highs. The article identifies the US yield curve as the strongest contributor within the fixed income book, with the strategy capitalizing on rising yields through its short exposures.
Energy positions also contributed positively. Brent crude moved back above $100 per barrel amid renewed conflict between the United States and Iran, supporting the fund's long energy exposure. Concerns about inflation accompanied the rally in oil and bond yields.
Agricultural commodities were a drag on the month, as crop prices retreated from late-August highs. The source article is partially paywalled, so further detail on position sizing and the remaining attribution breakdown is not available.
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