Saturday, 24 September 2016
Last updated 1 day ago
Apr 8 2014 | 8:35am ET
Macro managers—including some of the biggest names in the industry—had a bumpy ride in Q1 2014.
Paul Tudor Jones, Michael Novogratz and Louis Bacon all posted losses in the first quarter as markets roiled.
Tudor Jones' Tudor BVI Global fund lost 3.2% in the first quarter, according to Bloomberg, which also noted a 2.8% loss for Bacon's Moore Capital Management and a 5.5% decline for Novogratz's Fortress Macro Fund.
The three join Robert Citrone, whose Discovery Capital Management was down 7.5% in the first quarter in its global opportunity fund, and Brevan Howard's Alan Howard, whose BH Macro Fund lost about 2.8%.
Macro strategies in general were down 0.03% in Q1, according to Eurekahedge.