Post by Augustine Chiagozie (@pabloexchange)

London-based hedge fund Caxton Associates is down more than $1.3B in March. The fund run by Andrew Law dropped about 15% after betting on UK rate cuts and a rise in gold.

The Iran conflict flipped both trades. Gilt yields jumped to 2008 highs, while gold fell around 15% since the war began.

Even large funds get caught on the wrong side when the macro shifts fast.
So don’t stress over a -5% on a virtual prop account.

This was a tough month across the board.

London-based hedge fund Caxton Associates is down more than $1.3B in March. The fund run by Andrew L...

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