Iran Conflict Roils Market, March Wipes Out Gains for Some Supposedly Stable Mega Hedge Funds

BlockBeats News, April 2nd, according to Bloomberg, some of the world's largest hedge funds known for their stable returns experienced losses in March due to the Middle East conflict roiling energy, bond, and equity markets, forcing traders to unwind crowded positions. Insiders revealed that from ExodusPoint Capital Management to Balyasny Asset Management, and Millennium Management, several multi-strategy hedge funds saw declines, giving back all or part of their gains from the previous two months. However, there were also some standout winners, such as Kepos Capital's Alpha Fund and Swiss firm ADAPT Investment Managers.