High-Profile Macro Funds Post Q1 Losses

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.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…