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.
