Reported 2 months ago
Quantitative funds that typically chase profitable trends on Wall Street have faced significant losses due to simultaneous backfiring of momentum bets in various markets. Following a strong start to the year, funds are now reporting losses, with many reversing gains made earlier this year. A combination of market trends, including a shift in currency strength and concerns over economic conditions in the U.S., has led to this sharp downturn, affecting long-term and mid-term traders the most.
Source: YAHOO