A rundown of recent hedge fund pain that shows no sign of letting up
Business Insider · Bradley Saacks ·
Pink slips and flashing red alerts have been common across all types of hedge funds in recent weeks.
Halloween has passed, but times have never been more frightening for the hedge fund industry's rank-and-file.
October was a brutal month for nearly every firm, regardless of strategy focus. Multi-strategy giants like Millennium Management and Balyasny Asset Management lost money, while macro superstars like Greg Coffey and credit wunderkinds like Hamza Lemssouguer made headlines for the wrong reasons. The carnage shows no signs of slowing, as artificial-intelligence-linked stocks tumbled Thursday following Democrats' dominance in Tuesday's midterm elections.
It's been a bloody stretch for an industry known for its insatiable demand for investing personnel, potentially justifying Elliott Management founder Paul Singer's view that the talent war has been "exaggerated" by "the non-stop bull market."
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