Hot Hedge Fund Loses 21% After Bet on Volatility Goes Wrong
- Ahmad’s Decca Fund dropped 21% amid February turmoil
- Tumble in 2018 marks reversal after years of out-performance
This article is for subscribers only.
In December, Shahraab Ahmad shared with his hedge fund clients the principle that helped him trounce peers for two turbulent decades: steer clear of the crowd.
He’d turned $50 million into an operation with more than $700 million over three years and delivered market-beating returns, earning a reputation as one of the hottest hands in the business. Until last month.