The poor showing might also lead investors to question why they’re paying hedge funds some of the highest fees in the money management industry.“March has been a devastating month for some funds and some strategies,” said Ed Rogers, head of Tokyo-based Rogers Investment Dalio’s Bridgewater Associates saw its flagship Pure Alpha II hedge fund get caught on the wrong side of the sell-off that began in late February, sending it Hintze’s $3 billion CQS Directional Opportunities Fund Levinson, who runs Graticule Asset Management from Singapore, said in a letter to investors that March was “epically turbulent.” His macro hedge fund posted a 9% decline, its biggest ever, as bets on equities in Japan, China and the U.S. and some fixed-income trades soured, according to the letter seen by Bloomberg.Spokespeople for Bridgewater, CQS and Graticule declined to comment.The dismal performance by many funds during the pandemic should prompt an industrywide examination of how clients are charged, according to Andrew Beer, founder of New York-based Dynamic Beta investments.“The problem with paying high fees during a bull market is that managers don’t give them back to cover your losses in a bear market,” Beer said.

His macro hedge fund posted a 9% decline, its biggest ever, as bets on equities in Japan, China and the U.S. and some fixed-income trades soured, according to the letter seen by Bloomberg. Some of the hedge fund industry’s biggest names made history in March -- for all the wrong reasons.Firms run by Ray Dalio, Michael Hintze, Adam Levinson and others suffered their worst-ever losses last month, with some funds down as much as 40% as the coronavirus pandemic battered global markets. Other macro hedge fund managers have fared better this year. Hedge funds make money by charging fees to their clients, typically a management fee and a performance fee. Global Macro Hedge Fund. John Hancock Investment Management LLC is the investment advisor for the closed-end funds. Bubbles and busts.

London-based Brevan Howard's listed hedge fund, BH Macro, made gains of 6.8% this … “This is a streak that counts as one of the most extreme in memory.”Crawford Lake said it expects assets to slide to $600 million by June 1. Five of those strategies were in HFR's macro strategy category, HFR data showed.The broad HFRI Macro (Total) index returned 1.2% in the quarter and the HFRI Macro (Total) Asset Weighted index was down 1.9%.Contributing to the positive return of HFR's fund-weighted macro composite was the 5.7% return of the HFRI Macro Currency index; HFRI Macro Discretionary Thematic index, up 3.9%; HFRI Macro Commodity index, 2.4%; and the HFRI Macro Systematic Diversified index, 2.1%.The HFR Event Driven Multi-Strategy index had the highest return of all the HFR indexes in the quarter ended March 31, up 8.4%, the only equity hedge fund strategy to produce a positive return over the period. One of the most prolific strategies is the global macro strategy, which focuses on investing in instruments whose prices fluctuate based on the changes in economic policies, along with the flow of capital around the globe.

macro,” first reviewing this style’s risk and performance characteristics, and then discussing why it should continue to be a successful and essential component of a diversified portfolio that invests across a variety of hedge fund strategies. May did bring a turnaround for the hedge fund industry, which recorded $9.3 billion in investor inflows and $7.4 billion in performance-driven gains. "Of HFR's 36 hedge fund indexes, only seven produced positive returns in the quarter ended March 31. Deflation.

Hugh Hendry is a rare breed: a retired hedge fund manager who has actually retired. With few exceptions, only macro and managed futures hedge fund strategies produced positive performance in the quarter ended March 30, data released Tuesday by Hedge Fund … Man Group Faces Redemptions After $10.7 Billion Losses Odey, launched by Crispin Odey in 1991, is a London-based firm which suffered significant losses in … Sign up and get the best of News delivered straight to your email inbox, free of charge. Wall Street’s fear gauge, the CBOE Volatility Index, soared to all-time high and sparked sharp losses for funds betting on calm to prevail in the market.Equity hedge funds suffered their second-biggest slump since Hedge Fund Research Inc. started compiling the data three decades ago. "In many respects March and 1Q20 reflect a sharp and volatile reversal of the risk-on environment which dominated 2019, underscoring the importance of maintaining a diversified alternatives portfolio," HFR's Mr. Heinz said. The top performing hedge fund of 2018 was Odey Asset Management's European fund.

Dynamic Beta’s Beer says it’s time to take a hard look at fees