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Draghi disappoints as CTA indices dragged

Disappointed by the intervention made by the European Central Bank (ECB) last week, hedge funds, be it global macro or CTA oriented,  were stung by raising Euro against the dollar, according to recent report by Lyxor. Lyxor’s hedge fund index was up 0.6% last week, until it hit a brick wall on December 3rd when the president of the ECB,…

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