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Several of the world’s largest hedge funds, typically recognized for stable returns, suffered losses in March as highlighted by Nishant Kumar. The war in the Middle East triggered sharp volatility across energy, bonds, and equities, causing investors to unwind crowded trades.
Kumar provided initial confirmed estimates of the impact on these hedge funds. He emphasized that market turmoil during March was particularly severe for firms that had been perceived as low risk.
Hedge fund activity remains in focus after several recent industry moves. A former Citadel manager, Nico Dil, recently launched a hedge fund with backing from Squarepoint Capital and Lighthouse Investment Partners, according to previous reporting. Separately, Taula made headlines with the appointment of Greg Knight, who was known for generating an $800 million profit at Millennium prior to more challenging years. These developments underline ongoing shifts among major hedge fund players.