Hedge funds had much of their gains this year wiped out last week as half the alternative strategies reporting daily data to Hedge Fund Research's investable indices lost over 1% of their value in just 24 hours.
The $2trn (£1.22trn) hedge fund industry had struggled to a modest 1.55% by the end of July, according to the data providers' broader, non-investable index. But it then lost 1.1% last Friday, as...
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