Liquid Alts

Smart Money Insights: Weekly Brief Apr 4

In the words of one hedge fund manager, “At least it’s over.”  This is the typical refrain about the first quarter – for many, what was supposed to work, didn’t.  Small mistakes led to punishing losses.  “Prudent” de-risking in February locked in losses after six weeks of relentless market declines and caused many managers to watch in disbelief as the markets recovered by the end of the quarter.  “Short covering” and unwinding of popular trades inflicted larger than expected losses on some preeminent fund managers.  Here’s a recap of what was working and what wasn’t: Recession Risk is Down Hedge …

Continue Reading