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March 06, 2019  

Bearish Bet Decimates Global-Macro Shop

Things are looking especially bleak for Forum Asset Management.Although it eked out a modest gain in 2018, the global-macro manager lost 41% in the first two months of this year. Following losses of 81.2% in 2017 and 59.8% in 2016, the New York firm’s Forum Global Opportunities Fund is now down a cumulative 72.9% since its inception in 2005 — surely among the worst track records in the industry’s history.Its assets, meanwhile,...

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