Performance

Chart of the month: Eclipse

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The Eclipse Global Monetary Fund, managed by Jim Klingler, gained a weighty 10.4% in the first four months of 2003, besting a much more staid 4.4% median-macro return. Renewed trending in the U.S. dollar helped again in April, as Eclipse added 1.1% for the month. Despite its name, the strategy trades financials, interest rates, metals and energy. Big swings in equity and bond markets produced favorable trading conditions for Eclipse, as did trending in gold prices. In April, the strategy bounced back after a monthly loss of more than 3% in March and, overall, the Eclipse program has