Mt Lucas Fund Starts Year With Loss; Has 'Pro-US' Growth Tilt

Mount Lucas Macro Peak fund delivered an estimated 0.19% return in February after a -4.07% loss in January as the quant portion of the program bounced back but the discretionary strategy component found difficulty, according to an investor letter reviewed by ValueWalk. Equity positions positive, rates neutral, FX & commodities lower Mount Lucas manages $1.4 billion in total funds across three strategies.  In the Macro Peak fund, equity positions were profitable in February, fixed income was flat, and foreign exchange and commodity trades were down.  During the month of February the S&P was up 4.57 percent; the ten year note…