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How Was Your Hump Day?

If you work at a hedge fund, probably not good.
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Wednesdays suck. But some Wednesdays suck more than others. Yesterday was one of those Wednesdays.

On Wednesday, a large group of hedge funds that bet for and against stocks had their worst day in almost seven years, according to a report released Thursday from Goldman Sachs Group Inc. The so-called fundamental long-short equity hedge funds tracked by Goldman dropped 1.44% on Wednesday, according to the client report….

Goldman: Wednesday Was One of the Worst Days in Years for Stock-Picking Hedge Funds [WSJ]



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