"Both Discretionary and Quantitative, Trend-Following Macro strategies surged in August, as equity markets declined, the US yield curve inverted and a record level of government bonds traded at negative yields. Opportunistic Macro strategies have effectively navigated the fluid, W-shaped financial market performance, including the unprecedented supply of negative yielding bonds, into a position of leading areas of hedge fund performance for 2019," stated Ken Heinz, President of HFR. "Macro strategies have experienced an important evolution from a space which was once driven by brash, risky Macro trading or simple trend-following models to include the most powerful, sophisticated, robust algorithmic trading models, making effective application and use of AI, Machine Learning and market making/liquidity provision techniques.