Hedge funds are moving rapidly to adjust to the tariff situation, even as it continues to evolve. Just the threat of tariffs triggered a massive selloff during the first quarter as the announcement injected significant uncertainty and volatility into the market.
Most accelerated pace of selling among funds
Fund managers sold at the most accelerated rate in more than 10 years during the first quarter, adjusting for new economic conditions by slashing gross and net leverage. LHC Capital was among the managers that announced de-grossing plans, revealing them a quarter earlier and reminding investors of the move in its first-quarter letter.
Read hedge fund letters here
LHC further trimmed its gross and net leverage to 91% and 66%, respectively,...
