Global Macro Kings, Tudor, Citrone And Fortress Fall In 2014

Japan, China, commodities and emerging market currencies have been the main theme of global macro hedge funds for some time now. It comes as no surprise that these positions haven’t turned out so well for these funds. Some of the big winners of 2013 are already nursing sizeable losses this year. Rubicon Global, which at this time last year was adorned with the highest return in the industry, is now one of the worst performers. Rubicon is down 13.7% for the year through April 18, according to returns from HSBC Hedge Weekly. The London based fund trades currencies, interest rates,…