Cat +2.3% vs. GA +3.8% First Half Year. https://www.crescat.net/products-performance/global-macro-hedge-fund/ ...hedges so far this year are finding it slow going. Barclay long/short hedge measurement is down 1.6% for the first half. http://www.barclayhedge.com/research/indices/ghs/Equity_Long_Short_Index.html