They sure did make some money though "killing" would be an exaggeration given what they had to put up in capital. It also could've gone the other way too; henc

They sure did make some money though "killing" would be an exaggeration given what they had to put up in capital. It also could've gone the other way too; hence aptly called 'betting'. One would assume they had appropriate hedging strategy in place, but given how hedge funds perform poorly in aggregate, I'm inclined to say these funds just had a little bit of luck on their side.