Alphadyne Hedge Fund Losses Accelerate to 17% on October Slump
- Fund declined 6.5% in October amid bond market turmoil
- It’s on track for first year of losses since launching in 2006
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Hedge fund Alphadyne Asset Management’s bad year is getting worse in a hurry.
The macro strategy fund, which had $11 billion of assets at the start of last month, is down another 6.5% in October, bringing losses for the year to 17%, according to investor documents seen by Bloomberg. Without a dramatic turnaround, the New York-based firm is facing the possibility of ending the year down for the first time since starting in 2006.