This year is supposed to be the hedge fund’s huge comeback year. But the industry has licked wounds since the financial crisis.
Some of the world’s best known hedge fund managers, including Bill Ackman and David Einhorn, have sustained hefty losses. Other large funds such as Mike Novogratz’s Fortress Macro Fund have shut down altogether.
Hedge funds, wrongfooted by central banks and series of market volatility, are under pressure over disappointing performance and fees.
Several funds bet big versus the euro and the US dollar, stipulating the European Central Bank would continue loosening monetary policy and the Federal Reserve would raise interest rates this year.
The material has been provided by InstaForex Company – www.instaforex.com