Hedge Funds Had Year to Forget in 2018
The highest proportion of funds lost money for the year since 2008
For hedge funds, 2018 was a year to forget. Six in 10 of them lost money, the highest proportion since the financial crisis, as a spurt in volatility made it tougher to make profitable bets. About 40 percent of the funds tracked by Preqin lost more than 5 percent.