Multi-strategy hedge funds’ haven appeal tested amid trade war


The market turmoil has upended several hedge fund strategies, including equities and commodities. — Bloomberg

LONDON: Multi-strategy hedge funds are facing their biggest challenge since the early days of the pandemic amid a market sell-off that’s forcing them to unwind crowded trades at a ferocious clip.

Citadel and Millennium Management, the world’s largest so-called multistrats, slumped in February and posted more losses during the first week of March, according to people familiar with the returns.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Trump hikes US global tariff rate to 15%
The parcel overhang
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
AI disruption fears rock markets
Private equity hits a sixer

Others Also Read