Pedge Fund Performance 200903

Just a quick post to relate the performance of PedgeFund for the month of March 2009. Feb 2009 returns are available here.

Summary:
Pedge Fund USD
March performance: -1.44% (gross, approx)

Highlights:
No real highlights as it's pretty flatish. The big rebound in equities has been missed in this portfolio which I am not particularly proud of, but I wasn't short neither, so no loss incurred.

• Some losses on gold
  
• Some gains on short GBP/long EUR
  

HFR Macro Index return in Mars 2009 was: -1.98%
S&P 500 return in Mars 2009 was: +17% (amazing!)

To understand those poor returns, you might want to read this post from MacroMan