the g spot
Hedge funds: losing their shorts
We asked 36One CEO Cy Jacobs why the hedge funds industry’s performance was so underwhelming
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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