We just saw ‘one of the most catastrophic periods’ for hedge funds in decades

(Business Insider) It’s been a rough several months for hedge fund investors. Third Point’s Dan Loeb thinks this period has been the toughest since Third Point opened up shop in December 1996. At the top of his latest letter to investors Loeb walks through the main challenges that have been seen in markets and the crowded hedge fund-centric trades that seem to have all gone the other way.

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