Hedge Funds Rocked by Recent IPOs

Once a source of the biggest gains for hedge funds, previously private investments that have recently gone public have plummeted below their IPO prices.

Seongjoon Cho/Bloomberg

Seongjoon Cho/Bloomberg

More trouble in private investments… or post-private investments.

A major source of gains for many hedge funds for most of 2021 has suddenly become a major source of losses. And this recent trend has accelerated amid the recent stock market selloff and increased volatility.

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