Hedge Funds Slashed Jobs and Dumped Trades After Market's Thursday Rout

Fuente: International Business Times

Managers are shrinking businesses, reducing borrowed money and, in some cases, preparing to return capital to investors. Michael M. Santiago/Getty Images Hedge funds are cutting investment teams and abandoning trades after October's market rout inflicted losses across the industry, with Thursday's technology selloff deepening a retreat that had already erased substantial gains, The Wall Street Journal reported.