the g spot
Hedge funds: losing their shorts
We asked 36One CEO Cy Jacobs why the hedge funds industry’s performance was so underwhelming
18 June 2020 - 05:00
Now, you’d think, is the moment for hedge funds to bask in market volatility. But the latest figures suggest few hedge funds scored from March’s historic sell-off, or April’s equally unprecedented rise. There are exceptions, like Peregrine and 36One Asset Management. We asked 36One CEO Cy Jacobs why the industry’s performance was so underwhelming.
CJ: Very few are running actual hedge funds. Most are running long-only funds with some shorts. You see what happens when you get smacked like that...
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