Hedge Fund Industry’s Big Guns Misfired in November

Hedge Fund Industry’s Big Guns Misfired in November
Financial Times posted on Thu 6 Dec 2018 Permalink Print
Some of the hedge fund industry’s biggest names, including Millennium Management and Steve Cohen’s Point72 Asset Management, suffered sharp losses in November, even as equity markets bounced back. While the S&P 500 index rose 2.9 per cent last month after October’s 7.9 per cent fall, some hedge funds fared worse in the face of wild swings in energy markets and big moves in equity market sectors such as technology.

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