The biggest stock hedge funds are delivering some of the worst returns in years with the collapse of technology shares -- a sector that created riches over the past decade.
Clients are voicing frustration over the managers’ recent losses, and the funds’ failure to generate enough short-selling gains on market declines driven by inflation, rising rates and the war in Ukraine. Some firms have even underperformed the tech-heavy Nasdaq 100, which cratered 21% this year through April.
