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Global hedge funds suffer worst losses since 'liberation day' on Iran war turmoil
Hedge funds are getting battered by the fallout from the escalating conflict with Iran, as a sharp spike in oil prices and a broad market selloff unravel crowded trades. “Since the start of the conflict, hedge funds have experienced their worst drawdowns since Liberation Day,” JPMorgan’s global markets strategists led by Nikolaos Panigirtzoglou wrote in a recent note. “Liberation Day” was a phrase used by U.S. President Donald Trump to roll out a set of tariffs on various countries last April. This comes as rapid shifts in equities, currencies and commodities forced investors to unwind positions across ... (full story)
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