Telegraph – Some of London’s biggest and best hedge funds have had millions of pounds wiped off the value of the their portfolios after being wrong-footed by turbulence in emerging markets and falling tech and bank stocks.
Lansdowne Partners, Odey Asset Management and Brevan Howard are among the stellar hedge funds to have had a poor start to the year. Overall, global hedge funds have had their worst start to the year since the financial crisis, reporting average returns 1.2pc, according to Preqin, the industry data provider.
