March events wrong-foot many macro managers


Last month was tough again for most macro managers, with an extraordinary array of world events catching many off guard.

As a result, performance was a mixed bag – as it has been for many months now. While some managers were able to keep their heads above water and, in several cases, produce a decent return, many others lost ground and ended another month in the red.

CDAM Global Opportunities was up 3.42% for a 7.76% year-to-date return. Nordea Alpha 15 made 3.39% in March and is up 1.33% YTD. SC STIRT gained 2.05% on the month and