Major hedge funds suffer October losses as market volatility hits multiple strategies
Some major hedge funds recorded losses in October as a sharp technology selloff, government bond market turmoil, and election volatility triggered one of the broadest industry downturns since the Covid-19 pandemic, according to a report by Bloomberg. Millennium Management's flagship multistrategy fund declined 2.3% during the month, while Marshall Wace's Eureka strategy fell 5.4%, reducing its…
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