Strategy focus: Macro drops in March but outperforms in Q1


Several unusual events in March, including the fire sale of Bear Stearns to JPMorgan Chase, contributed to volatility across asset classes that hurt many global macro players.

That month, most of the strategies tracked by Absolute Return lost ground, including global macro, which dropped 1.51% - its worst month since May 2006. That loss was in line with the 1.1% loss of the Absolute Return Composite index, which tracks the broader hedge fund market. So far this year, macro funds have returned 1.27%.

Over time, global macro funds have fared slightly better than composite and equity hedge fund