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Multistrats Hold Steady in Turbulent Times
The flagship funds managed by Citadel, Millennium and others posted either small losses or gains in June, a month when markets rocked by Brexit caused trouble for some other strategies.
Kenneth Griffin, Citadel (Bloomberg) Multistrategy funds seemed to emerge from the turmoil and market volatility immediately following the late-June Brexit vote mostly unscathed. Many of the best-known multistrategy funds posted either very small gains or losses for the entire month of June. "We were flat," confirms one manager when asked on background
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