Sep
03
Hedge Funds Faced a Test in August, and Faltered
ByA surge in volatility. Plunging global stock markets. A surprise Chinese currency devaluation.
That was August, among the more eventful months for world markets since the collapse of Lehman Brothers and the 2008 financial crisis. In theory, that’s exactly the environment that hedge fund managers have been waiting for. After all, many hedge funds are marketed as helping to smooth out volatility while delivering superior risk-adjusted returns…
Hedge Funds Faced a Test in August, and Faltered
