Hedge Fund Hotshots Suffer Humbling Losses in Coronavirus Chaos
- Three out of four funds lost money last month amid turmoil
- Dynamic Beta’s Beer says it’s time to take a hard look at fees
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Some of the hedge fund industry’s biggest names made history in March -- for all the wrong reasons.
Firms run by Ray Dalio, Michael Hintze, Adam Levinson and others suffered their worst-ever losses last month, with some funds down as much as 40% as the coronavirus pandemic battered global markets. Overall, three out of four hedge funds lost money, according to preliminary data compiled by Bloomberg.