Volatility Is Only Making Matters Worse for Hedge Funds
- Managers counting on price swings to boost returns were burned
- ‘They should have made money,’ says one hedge fund investor
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This was meant to be Deepak Gulati’s moment.
The hedge fund manager has been waiting for the return of market volatility to help him recover losses after years of calm markets hurt his $955 million firm. Yet even with the recent whipsaw in stocks, Gulati hasn’t made any money through the first 10 months of the year.