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With Volatility Low, These Are Tough Times for Macro Funds

Macro traders, CTAs and trend followers suffer. Novogratz and Jones explain why and when it will end.

Another month, another round of mixed results for macro traders, as well as commodity trading advisers (CTAs) and their close relatives, the trend followers. Whether they use humans or computers to pull the trigger, most of these hedge fund firms have one thing in common: They are mired in the red

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