Morgan Stanley Says Most Hedge Funds Hurt By Brexit Crash
Hedge funds hurt Friday, as the stock sell-off hit them harder on a relative basis yet again, a Morgan Stanley research piece concludes. Separate research shows the biggest hedge fund winners -- systematic CTAs -- benefited largely from trend extension. In fact, many of the mid-term players were well positioned coming into the event.
Also see top hedge fund letters to investors
Most equity-based hedge funds hurt, outpaced stock indexes to the downside
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