Hedge Funds Are in Trouble, and Billions Is On It
ByIn its second season, the Showtime drama that glorified hedge funds gives them a second look.
When the first episode of Showtime’s Billions premiered in January of 2016, a Democrat was in the White House, #OscarsSoWhite was trending on Twitter, and the top 10 performing hedge funds with assets of more than $1 billion had averaged a 28.6 return over the previous 12 months.
What a difference a year makes.
By the time the second season of Billions premieres this Sunday, Feb. 19, many hedge funds will have suffered through the worst four quarters in their history. Others, including Blackstone’s Senfina fund, have folded entirely. The show, built on celebrating—and castigating—hedge fund managers’ stupendous fortunes, is beginning to show cracks…
Hedge Funds Are in Trouble, and Billions Is On It
