Most hedge funds had a difficult fourth quarter as most asset classes were in the red for the last three months of the year. The capital markets struggled during Q4, which made it difficult for funds to capture positive returns in both stocks and credit.
Q4 hedge fund letters, conference, scoops etc
One notorious position which burned many hedge funds late last year was PG&E, and most funds have cut their losses and run. However, at least one fund continues to evaluate the troubled utility company—with the possibility of buying back in at some point after...
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