4 ms·

Yikes. Which funds is he referring to? Do we have any references more solid than a tweet?

• ryansmccoy 7y ago
  That tweet is by someone who would know. I've also verified this with some people I know in the industry.
  • Infinitesimus 7y ago
    Are you at liberty to say which hedge funds these were?
    • Infinitesimus 7y ago
      Rumor has it that it's Bridgewater for anyone reading this later
• ewheeler 7y ago
  "Malachite Capital Management LLC, a hedge fund specializing in trading volatility, said that it would shut down immediately." according to https://www.wsj.com/livecoverage/coronavirus/card/is2y79bNxheZG7UIPRij https://www.wsj.com/livecoverage/coronavirus/card/is2y79bNxh...
  • 609venezia 7y ago
    Thank you. This closure makes sense. "their strategy involved selling options on volatility exchange-traded products, which is essentially a bet that profits when markets stay calm." Would this fund be considered "large" at 600mm? There are also some older ones in the news e.g.: https://www.ft.com/content/da193096-63af-11ea-b3f3-fe4680ea68b5 https://www.ft.com/content/da193096-63af-11ea-b3f3-fe4680ea6... (March 11, Solus's flagship fund, 4.3bn, distressed debt focus)