Viking Global Loses $400 Million In A Single Day

After several years of lackluster performance, which ultimately resulted in industry outflows amounting to tens of billions of dollars, 2017 was the year the global hedge fund industry started to make a comeback. Equity hedge funds on average produced a return of 13.2% for the year, the best return in four years. In comparison, 2018 is proving to be a tough year for the industry. According to the June 2018 eVestment Hedge Fund Performance Report, overall the industry was sitting on a positive return of 0.16% for the year to the end of June after adding 0.37% during the second…