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Macro Hedge Funds Still in a Funk

Despite recent sharpening of trends, many macro vehicles continue to plod through with sluggish returns.

Did macro hedge funds miss their golden opportunity in the first quarter? It sure seems like it. For the past few years, many of these managers, and their cousins who are trend followers, have posted mediocre results and lagged most of the global indexes. They blamed their woes on the dearth

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