Morgan Stanley Says Most Hedge Funds Hurt By Brexit Crash

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Mark Melin
Published on
Updated on
Hedge funds

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 Looking at the panoply of strategies and how they were positioned, hedge funds were generally negative Friday. In fact, hedge fund losses were out pacing what was…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.