---
title: This month is proving painful for macro traders:
description: "Brevan Howard Master Fund: -6% MTD (through March 20)\nBrevan Howard Alpha Strategies: -3.7% MTD (through March 20) \nTaula: -9.6% MTD (through March 20) \nCaxton Macro: -15% MTD (through March 20)\n\nSource; Bloomberg, \nNishant Kumar"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [This month is proving painful for macro traders:](https://blog.syzgroup.com/syz-the-moment/this-month-is-proving-painful-for-macro-traders)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Mar 26, 2026, 4:11:06 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/this-month-is-proving-painful-for-macro-traders)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Charles-Henry Monchau, CFA, CMT, CAIA"
  },
  "dateModified" : "2026-03-26T16:11:06.651Z",
  "datePublished" : "2026-03-26T16:11:06Z",
  "headline" : "This month is proving painful for macro traders:",
  "image" : {
    "@type" : "ImageObject",
    "height" : 942,
    "url" : "https://25733253.fs1.hubspotusercontent-eu1.net/hubfs/25733253/8-Mar-26-2026-04-10-48-5775-PM.jpg",
    "width" : 800
  },
  "mainEntityOfPage" : "https://blog.syzgroup.com/syz-the-moment/this-month-is-proving-painful-for-macro-traders",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Syz The Moment"
  }
}
```