Finance
Ex-BlueCrest Trader’s Fund Cuts Risk After Losses; Eisler Drops
- Southern Ridges fund losses erase a large part of 2024 gains
- Stocks and carry trade unwind has hurt investors across globe
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Former BlueCrest Capital Management money manager Mohit Khurana’s own hedge fund cut risk after suffering losses while Eisler Capital reversed this year’s meager gains amid the recent global market rout.
Khurana’s Southern Ridges Macro fund lost an estimated 3% in three trading days through close of business hours in Asia on Aug. 5, according to an investor update seen by Bloomberg News. The losses wiped out most of the fund’s advance earlier in the year, shrinking gains to 1.2%, the update showed.