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

Hedge
International Business Times Fews App News Provider
Fews App Post Time há 21h

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.

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