The Apeiron Global Macro Fund, managed by Redwood Capital Group, produced a strong return of +3.82% in January, after ending 2008 up +18.83%.
Long positions in Gold, and entry points presenting themselves in both equity and bond markets during January helped drive the Fund to its positive result. Due to the ongoing volatility of global markets the manager will continue with a negative bias strategy, although there may be some tradeable rally opportunities in some oversold Asian equity markets. The Fund will also continue to trade long in Gold and precious metals, believing they will outperform the market in 2009.
