---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40037498.md"
description: "In March, the escalation of the Iran conflict led to a significant overall pullback in Asian hedge funds:The median loss for equity funds was 4.5%–6.2%, for macro funds it was 6.9%, with some individual funds dropping over 10% in a single month.The core issue was not being wrong on direction, but wrong on timing—risk appetite kept switching back and forth between "war/ceasefire" news, with risk-on and risk-off reversing within hours, turning previously reasonable positions into erroneous trades in an instant."
datetime: "2026-04-20T10:25:26.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40037498.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40037498.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40037498.md)
author: "[京城Z先生](https://longbridge.com/en/profiles/9198235.md)"
---

# In March, the escalation of the Iran conflict led …


## Comments (9)

- **跟顾神反着买 · 2026-04-21T02:28:57.000Z**: Following the expert is the right move.
- **躺平致富经 · 2026-04-20T13:53:45.000Z**: Already honest 🤡
- **Superzey · 2026-04-20T12:01:31.000Z**: Even lying flat didn't make me rich, that's the key point
- **Liora · 2026-04-20T11:09:47.000Z**: Lie flat and get rich 😄
- **Jack www · 2026-04-20T10:35:23.000Z**: Do funds all have ADHD?
  - **清风拂醉月** (2026-04-20T10:38:52.000Z): The fund manager has ADHD.
  - **京城Z先生** (2026-04-20T10:48:58.000Z): “Fund managers think they can time the market and rotate sectors.”
  - **方源千礼** (2026-04-20T13:50:44.000Z): Too clever by half
- **投资上学MEM · 2026-04-20T10:34:03.000Z**: Get rich by lying flat, return to poverty by working hard