A Hedge Fund Strategy That Seems To Have Fizzled

(Financial Times)The hedge fund strategy that has attracted the most money this year is on course to cause some of the biggest losses for investors, in the latest example of the dangers of going with the crowd. Institutions and individuals have piled an estimated $20 billion (Dh73 billion) into managed futures funds, which use computer programs to follow market trends, but returns have turned negative amid the whipsaw markets of the past few months.

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