Argonaut Capital +4.3% In Q1, Roots For Abenomics

Tiger cub Argonaut Capital recovered in March with a 1.4 percent return, bringing the Q1 returns to 4.3 percent. Argonaut lagged in February due to a rally in yen and decline in euro, however in the next month these factors reversed and the hedge fund gained moderately in all of its macro and equity positions. Last month Argonaut added a short in Hungarian Forint which was profitable in March, additionally the fund  also gained from a timely short in gold futures. However the larger gains of the fund came from Japanese long equity positions and short yen trades.