Macro is the 2nd worst strategy 2005 YTD, only converts was worse than it, although it still managed to break even with small gain.
Macro is the 2nd worst strategy 2005 YTD, only converts was worse than it, although it still managed to break even with small gain.
The coolest quarter was Q1, when the best strategy was vacationing.
no, of course the short-biased.
I know a short-biased L/S HF had a 30%+ Q1, and this is not uncommon. Macro had a terrible Q1, but compared to Q2 conv arb that's not even close.
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