March has been a brutal month for macro hedge funds — with one notable exception

The strikes in Iran have decimated the nation's leadership — and thrown global markets into chaos.

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• Big-name macro managers like Brevan Howard, Caxton, and Taula have lost money in March.
• Ripple effects from the US-Israel strikes on Iran have dragged down hedge funds.
• Bridgewater Associates has so far avoided most of the pain.

Macro hedge funds have, for the most part, not been deft enough to avoid losses in this month's market turmoil...