Eisler Capital, the $4.1bn multi-strategy hedge fund firm founded by former Goldman Sachs Partner Edward Eisler, ended the first three months of the year about flat, according to a report by Reuters citing a letter sent to investors at the end of last month.

In the letter, Eisler attributed the firm's performance – or lack thereof – to "tactical trading in US and European equities".

The firm posted a 0.3% return in March on the back of positive contributions from government bond and commodity bets, but saw negative performance from macro economic and equities trading strategies.