Hedge funds took a hit in March as the Iran war rattled global markets. Oil spiked, bonds sold off, and crowded trades unraveled—wiping out recent gains at major firms like Millennium and Balyasny. A few funds bucked the trend, but overall it marked the industry’s sharpest drawdown in months. (Source: Bloomberg)
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March Market Turmoil Slams Hedge Funds
Hedge funds took a hit in March as the Iran war rattled global markets. Oil spiked, bonds sold off, and crowded trades unraveled mdash;wiping out recent gains at major firms like Millennium and Balyasny. A few funds…
