As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 8 hours ago
Jun 8 2011 | 12:12pm ET
Add two more prominent names to the list of May's hedge fund casualties.
Caxton Associates and Moore Capital Management both suffered substantial drops last month, CNBC reports. The former's Global Investment fund was down 2.4% as of late May, while the latter's Global Investment fund was down about 3%.
They're not alone in ruing the not-so-very-merry month of May. Aspect Capital, Fortress Investment Group, Man Group, Mulvaney Capital Management, Odey Asset Management, Paulson & Co., Ping Capital Management, Renaissance Technologies, SVM Asset Management, Third Point and Tudor Investment Corp. all suffered losses, most in excess of the average hedge fund's decline of about 1.5% last month.