Business & Finance
Crowded Hedge Fund Trades Are Unwinding Fast After Ugly October
Key Points
Crowded Hedge Fund Trades Are Unwinding Fast After Ugly October First the AI whiz kids were humbled. Then came the macro shocks. Credit scares followed.
Crowded Hedge Fund Trades Are Unwinding Fast After Ugly October
First the AI whiz kids were humbled. Then came the macro shocks. Credit scares followed.
Soon, nowhere would be safe for hedge funds. Pain cascaded across the industry in October, as a broad tech selloff collided with a shock election in Brazil and violent protests in France, bruising many of the world’s sharpest money managers.