Hedge funds are set to rack up their second-worst year in two decades after taking a beating from the eurozone crisis and an unexpected slowing in global economic growth, according to the Financial Times.
The average hedge fund manager has lost 4.37 percent in the year to the end of November, according to data just released by Hedge Fund Research — losing money in six of the past seven months. Only in 2008, following the collapse of Lehman Brothers, did the industry fare worse. High volatility and correlation have wrongfooted even the most skilled of traders….
Managers such as U.S.’s Paulson & Co and Highbridge of the U.S. or the U.K.’s Lansdowne and Odey have failed to recover double-digit percentage losses for some of their funds suffered in August and September. Of course some have succeeded….
Find out more at http://www.cnbc.com/id/45605380
No comments:
Post a Comment