It has been a very bad year for Hedge funds, the worst since 2011. Several big and popular trades have gone wrong and managers have been forced to cut their losses.
Numerous funds had been anticipating a hike in interest rates and improved macro-economy. Instead what they got was a new and sudden fall in US Treasury yields
October it seems is a bad month for hedge funds, even worse than September when the industry as a whole lost 0.754%.
Technology stocks have been hit hardest with Big Whigs like “Tiger cubs” Rob Citrone, Philippe Laffont and Chase Coleman, who used to work under veteran hedge fund manager Julian Robertson at Tiger Management, have all fallen into the red
The hedge fund controlled by Carlyle Group, Claren Road suffered an 11 percent dip in its credit opportunities fund since the start of October.
A few funds have pulled tight their strings as financial market volatility has increased in recent weeks, and more appeared to capitulate on Wednesday amid a flash crash in US Treasury yields.cialis muscle pain