Tech selloff wipes out hedge fund gains, prompting risk cuts and layoffs
HONG KONG, Nov 6 : A brutal global equity selloff led by technology stocks has wiped out year-to-date gains at many hedge funds, while forcing some managers to cut risks and reduce investment teams.The post-midterm relief rally proved short-lived. Thursday's market rout compounded losses across the industry,
6 Nov 07:01 · CNA