Discovery, Caxton Lead Macro Setback in First Quarter

April 12, 2017   Stephen Taub


Many macro funds, which have struggled over the past few years, were taken by surprise when the post-election trades that had finally given them a boost in the fourth quarter reversed direction this year.

So much for the macro revival. After many of the macro mavens surged in the fourth quarter, especially following the elections, many analysts and other experts hailed the renaissance of the strategy. But the first quarter wound up being another …

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