The flagship global macro hedge fund run by Autonomy Capital Research, lost ground again in January posting losses of 6.6 per cent, according to a report by Bloomberg.
The report quotes unnamed sources as saying that ill-timed best on Latin America are behind the latest negative performance, which follows a 26 per cent loss in 2021, the fund’s biggest since the financial crisis of 2008.
The fund is, however, trading about 2.5 per cent higher so far this month according to the sources.
Macro hedge funds in general posted strong, negatively-correlated gains in January as equity and fixed income markets suffered steep losses, according to recent data from HFR.
