Macro: FX Concepts’ home run


April’s strong equity markets and weak U.S. dollar led to the best monthly return of the year for global macro funds as a whole. The Absolute Return Macro Index rose 1.63% for the month to total 3.33% YTD. After suffering heavy losses toward the end of the first quarter, FX Concepts Global Financial Markets Fund Offshore stormed ahead with a 10.86% net gain for the month, bringing its YTD back into the black at 3.77%. Also faring well was Everest Capital Global, which pulled in 6.13%. Drake Global Opportunities Fund continued its bad spell. The fund was down