Hedge Funds

Several Hedge Funds Stung By Market Turmoil

by wsj.com posted 4months ago 21 views
Traders say the pain that has afflicted top hedge funds Melvin Capital Management and Maplelane Capital in recent days is spreading, as an increasing number of stocks with significant short interest surge and as funds dealing with losses pull back their exposure to the stock market on both the long and short sides of their portfolios. That means funds are getting hurt even on previously profitable bets on companies as those share prices fall.

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