Hedge Funds Suffering Record Losses Worldwide

SputnikNews.com
10.10.2015

Hedge funds lost $78 billion worldwide in August 2015. This is a record loss since the 2008 financial crisis, DWN wrote.

Hedge funds are suffering under “a merciless sell-off” and market turbulence, the newspaper reported, citing the Investment.com.

The market turbulence has had negative a impact on the portfolio of major investors and therefore resulted in financial losses for hedge-funds worldwide.

“The only thing that seemed to work was cash. Of course that’s the one thing they [the hedge funds] don’t have,” financial expert Paul Brain said, cited by CNBC.

The Rest…HERE

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