(Reuters) Macro funds, which tend to trade currencies and bonds off global macro-economic trends, were wrongfooted — like almost everyone else – by the world economy, which kicked off the year in robust fashion only to lose momentum. Even the United States is now showing signs of slowdown. Many ‘macro’ funds started the year “long” in emerging markets, European stocks, the euro and “short” in the U.S. dollar.
Macro Hedge Funds Facing Worst Year Since 2011, as Promise Turns to Pain
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