Nov

JPMorgan Sees Pain for Growth Stocks and Their Hedge Fund Fans

It’s not the end of the carried interest loophole, but JPMorgan Chase & Co. believes there’s another way U.S. tax reform could end up hurting hedge funds.

“We think the market is underestimating the probability of tax reform passage; the potential performance risk to active managers with high exposure to growth/momentum could be significant in the near term,” writes equity derivatives strategist Shawn Quigg…

Categories : Hedge Funds

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JPMorgan Sees Pain for Growth Stocks and Their Hedge Fund Fans

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