Market turmoil lands hedge funds with big losses – FT.com
Market turmoil lands hedge funds with big losses By Sam Jones Not for the first time, the hedge fund industry has failed to live up to its name. In a month that has seen equity markets around the world collapse, hedge funds too are facing billions in losses. August, it now seems likely, will be the industry’s worst month since October 2008, when the collapse of Lehman Brothers triggered a worldwide sell-off. It will almost certainly also be one of the top five worst months for the industry since performance data started to be aggregated in 1990. According to … Read more