London hedge fund stumbles as bet on high-flying stocks goes wrong

Reading now: 836

Stock-picking hedge funds around the world are hurting amid the market rout.And then there is Marcho Partners, a tech-focused fund founded by a one-time deputy of tech investor Chamath Palihapitiya.

The London-based fund, which had over $1bn in assets under management at its peak, was down nearly 84% through June 30, according to a summary Marcho sent to its investors, marking one of the worst-known performances for a hedge fund so far in 2022.Behind...

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News