Hedge Funds Post Sharp Losses in October

Owl Creek, Graham, Discovery and several other managers have lost big sums in the first few trading days of what has proven to be a volatile month.

A growing number of well-known hedge funds are reporting steep losses in the first 10 days or so of October. Their short-term declines raise questions about how hedged hedge funds really are in a sharp market downturn, especially if it turns into a correction or a bear market.

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