Whale Rock Lost 20% in First Quarter Amid Trade War Volatility
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Whale Rock Capital Management racked up double-digit losses in the first quarter as President Donald Trump’s trade wars rattled markets.
The public equities hedge fund lost 15% in March, extending its loss over the first three months of the year to about 20%, according to people familiar with the matter who asked not to be identified discussing private results. The S&P 500 sank 4.6% in the quarter.