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.

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

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

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