Interest Macro Hedge Funds Falling – At Exactly the Wrong Time?
|May 31st, 2013||
|Leave it to the dubious timing of investors to abandon an investment strategy just when the trends begin moving in its favor. As reported by Institutional Investors Alpha, data compiled by Prequin reveals that interest in macro funds continues to plummet at time when they are poised to outperform equity hedge funds. |
The article notes how the only quarter during the study when macro hedge funds overall posted a loss was the dreadful 4th quarter of 2008, during which they fell by 2.6%, while the S&P 500 dropped by 22.6%. Despite the dire market conditions in 2008, Alan Howard’s Brevan Howard Master Fund was able to post a gain of 21%, while Bruce Kovner’s Caxton Global flagship gained nearly 13%.
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