A Mixed Quarter for the Macro Funds

Managers profited by shorting the euro and going long the dollar, while emerging-markets and commodity plays suffered.

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Macro hedge funds posted mixed results in the first quarter.

The eVestment Global Macro index was up slightly in March and just 1.37 percent for the first three months, while the HFRI Macro: Active Trading Index, which does not include the computer-driven CTA crowd, was up about 1 percent in March and 3.48

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