From Yahoo Finance: 2025-04-03 15:16:00

Global equity long/short hedge funds wiped out their gains for the year due to sweeping tariffs announced by the Trump administration. Goldman Sachs reported a 1.7% drop in funds on Thursday, bringing the year’s total decline to 1.6%. This marks the second significant setback for hedge funds in a month, following a 1.5% fall on March 10. Hedge funds had already been pessimistic, reaching a 5-year high of bearish sentiment. Despite this, their use of leverage remains high, close to record levels in the past five years. The tariffs caused global financial turmoil, with the S&P 500 down 4.16% and the Nasdaq plummeting 5.3%.



Read more at Yahoo Finance: Equity long/short hedge funds wipe out year gains in market rout