Multistrat Massacre: Steve Cohen, Millennium, Citadel Suffer “One Of Worst Months Ever”

While the S&P is struggling to eek out some modest gains for the year in the last month of the year, for hedge funds 2018 has not only been a scratch, but also one the worst years since the financial crisis, as the following chart – which reveals that most hedge funds haven’t generated any alpha (or beta) in the past four years – shows.

Earlier this week we reported that notable name, Balyasny Asset Management, was hit especially hard when between losses in 2018 and client redemptions, the fund lost over $4 billion in AUM, leading to the termination of 20% of its work force. However, it was not until November, that some of the most marquee names were hammered for the first time in years.

Source: zerohedge

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