Macro hedge funds struggled in March as the war in the Middle East upended inflation expectations, leading to steep losses at many of the industry’s largest firms.
Said Haidar’s Jupiter Fund lost about 12% in March, paring quarterly gains to 13.4%, according to an investor letter seen by Bloomberg News. The Brevan Howard Master Fund declined 6.6% for the worst monthly loss in its two-decade-plus history, people with knowledge of the matter said, asking not to be identified discussing the returns.
Liza Tetley & Nishant Kumar | Yahoo Finance