Hedge funds have experienced the "largest drawdown since April last year," especially in "long-short equity strategies" with heavy positions in Europe and South Korea.
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Hedge funds are experiencing their most severe drawdown since last year's tariff turmoil, as concentrated unwinding of crowded trades has inflicted heavy losses on this fast-money group.
According to a report released by JPMorgan strategists on Wednesday, since the outbreak of conflict in the Middle East, quantitative funds