‘Extraordinary’ Month Heaps Further Pain on Hedge Funds
Traders work in the Cboe Volatility Index pit on the floor of the Cboe Global Markets, Inc. exchange in Chicago, Illinois, U.S. (Photographer: Daniel Acker/Bloomberg)

‘Extraordinary’ Month Heaps Further Pain on Hedge Funds

(Bloomberg) -- A spurt in volatility was supposed to help hedge funds rebound from years of mediocre returns. Instead, it made things worse.
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