The BTG Pactual Rates Fund returned -0.17% for the first quarter, following returns of 0.14%, 0.19%, and -0.5% for January, February and March, respectively.
A Challenging Period For Rates
In their March letter to investors, which was obtained by ValueWalk, the BTG Pactual Rates team said the first quarter brought sizable moves in the rates markets and the initial signs of a long-lasting environment with increased volatility. They believe it's impossible to understate the re-pricing that occurred over the relatively short timeframe.
Q1 2022 hedge fund letters, conferences and more
The BTG team noted that the Bloomberg Global-Aggregate Total Return Index...
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