Thinking at first this was the Medallion fund, I thought a 20% loss would be unthinkable. But it's just their RIDA fund. Actually, it appears that their Medalli

Thinking at first this was the Medallion fund, I thought a 20% loss would be unthinkable. But it's just their RIDA fund. Actually, it appears that their Medallion fund is was up 24% since start of year to April: https://www.institutionalinvestor.com/article/b1l98yt4p0bvr4/The-Famed-Medallion-Fund-Is-Crushing-It-Other-RenTech-Funds-Not-So-Much https://www.institutionalinvestor.com/article/b1l98yt4p0bvr4.... It's pretty surprising that RIDA has dropped 20% since start of year, considering it's market neutral and presumably neutral to style and sector factors. This kind of fund shouldn't even be able to lose that much money is so short a time span, it simply wouldn't be possible in almost all market conditions. But then again, the kind of equity movements we've seen since March have been entirely unique: now equities are primarily exposed to the "coronavirus factor", a novel factor that has never existed, not been considered, before.