JPMorgan Chase strategists noted in a report released on Wednesday that quantitative funds such as commodity trading advisors (CTAs) have experienced their worst performance interval in nearly a year since the outbreak of hostilities in the Middle East. Meanwhile, long-short equity hedge funds have also recorded significant losses due to their heavy positions in European and South Korean markets and underweighting of the software sector.
Top hedge funds including Citadel, Millennium, and Point72 suffered collective massive losses in a single week, with the worst performer losing as much as $1.5 billion, nearly wiping out year-to-date gains in just one week.
JPMorgan Chase strategists noted in a report released on Wednesday that quantitative funds such as commodity trading advisors (CTAs) have experienced their worst performance interval in nearly a year since the outbreak of hostilities in the Middle East. Meanwhile, long-short equity hedge funds have also recorded significant losses due to their heavy positions in European and South Korean markets and underweighting of the software sector.
Top hedge funds including Citadel, Millennium, and Point72 suffered collective massive losses in a single week, with the worst performer losing as much as $1.5 billion, nearly wiping out year-to-date gains in just one week.