CreditRich co-founders detail the value of credit and having a ‘wealth management system’

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Reuters

Some hedge funds face steep losses after betting on hot sectors

Hedge fund investors are bracing for a river of red ink as firms begin reporting returns for May when the stock market hovered near bear territory on disappointing earnings and worries about aggressive rate hikes, investors and fund managers said on Thursday. Data from Hedge Fund Research shows the HFRX Global Hedge Fund Index slipped 1% in May, leaving it down 3.31% for the first five months of 2022. Tiger Global, one of the industry’s biggest firms, lost 14% in May, leaving it down 52% for the year, an investor said.