"Dmitry Balyasny's hedge fund was down 4.3% in March, contributing to a year-to-date decline of 3.8%. Other firms like LMR Partners and Walleye Capital also reported losses."
"Schonfeld Strategic Advisors managed to remain flat in March and is up 0.9% for the year, showcasing resilience amid a challenging market environment."
"Geopolitical tensions, particularly the strikes on Iran, have led to significant market turmoil, affecting many investment managers and contributing to the worst quarter for the S&P 500 since 2022."
In March, several prominent hedge funds experienced notable declines, with Dmitry Balyasny's firm down 4.3% and LMR Partners losing 2.4%. Walleye Capital also reported a 1.3% drop. Conversely, Schonfeld Strategic Advisors remained flat for the month and up 0.9% year-to-date. Geopolitical tensions, particularly related to strikes on Iran, contributed to market turmoil, impacting macro funds negatively. The S&P 500 faced its worst quarter since 2022, down 4.6%, amid investor unease and a sell-off in software stocks due to AI advancements from start-ups.
Read at www.businessinsider.com
Unable to calculate read time
Collection
[
|
...
]