The Apeiron Global Macro Fund posted a return of -0.43% in December, however was up +18.83% for 2008.
The loss in December was attributed to losses in the fund's foreign exchange and commodity strategies, amidst lightly traded markets. The fund exited the US dollar markets in early December due to market volatility and the lack of market direction going into the Christmas break. The Apeiron Global Macro Fund, managed by Redwood Capital Group, utilises strategies in futures and foreign exchange markets, and seeks to define investment themes within a fundamental economic framework.
