JPMorgan says hedge funds suffered the worst drawdown since April last year
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格隆汇 March 12|JPMorgan strategists stated that hedge funds are experiencing their largest drawdown since the market turmoil triggered by Tariff Liberation Day, as unwinding crowded trades has impacted these fast-money funds. In a report released Wednesday, the strategists noted that since the outbreak of the Iran war, quantitative funds such as Commodity Trading Advisors (CTA) have suffered their most severe losses in nearly a year. JPMorgan said that equity long-short hedge funds, which are overweight in European and Korean markets and underweight in software stocks, have also incurred significant losses. CTAs typically follow the trends of various futures markets to capitalize on market signals generated by investor groups. Citing HFR data, JPMorgan reported that systematic diversified CTA funds fell nearly 4% in March.
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