Pharo Macro Bet on Greek, Spanish and Italian Debt Turns Sour

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HFA Staff
Published on
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All the volatility and market turmoil shook the returns of Pharo Macro Fund, down 2.1% in last month. The global macro hedge fund strategy is up 7.6% for the year. Last month the fund was up 2.3% with gains from shorts in U.S. treasuries and longs in Greek government bonds.

Pharo Macro Bet on Greek, Spanish and Italian Debt Turns Sour

Like all other macro hedge funds, Pharo Macro has short term investors to blame for its...

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