"The strikes on Iran by the US and Israel have sent global markets reeling, with asset classes such as stocks, bonds, and commodities ricocheting up and down after every White House update and tweet. Many funds and traders focused on macro and commodities opportunities, two of the industry's most in-demand areas coming into the year, have so far been unable to avoid losses."
"Brevan Howard's two largest funds - its Master and Alpha Strategies offerings - were down 2.4% and 1.7% for the month through last Friday, though both are still positive for the year. Diego Megia's Taula Capital, which manages $7 billion, was down more than 3% to start March. Chris Rokos' $22 billion firm lost 0.2% in the first week of the month."
"At the industry's more diversified firms, the omnipresent multistrategy giants that have hoovered up assets and talent in recent years, losses from macro and commodity traders dragged down the overall business. Ken Griffin's Citadel shed roughly $1 billion from its fixed-income and macro trading business and saw its flagship Wellington fund down 2% at the start of the month."
Following US and Israel military strikes on Iran in late February, major hedge funds experienced substantial losses as global markets became volatile across stocks, bonds, and commodities. Macro and commodity trading strategies, previously high-demand areas, proved vulnerable to market turbulence. Brevan Howard's flagship funds declined 2.4% and 1.7% in early March. Taula Capital dropped over 3%, while Chris Rokos' firm lost 0.2%. PIMCO's Commodity Alpha Fund fell over 20% year-to-date. Diversified multistrategy firms also suffered, with Citadel losing approximately $1 billion from fixed-income and macro operations, Balyasny declining 3.5%, and ExodusPoint losing all year-to-date gains.
Read at Business Insider
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