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Venture
fromBusiness Insider
2 days ago

The Iran War shocked global markets. Macro and commodities traders paid the price.

US and Israel strikes on Iran triggered significant losses for macro and commodity-focused hedge funds in early March, with major firms experiencing performance declines despite year-to-date gains.
fromBusiness Insider
5 months ago

A star trader is out at $12.8 billion LMR Partners after a mortgage-backed securities trade backfires

Last year, Andrew Berger was riding high. The mortgage-trading team he oversaw at $12.8 billion hedge fund LMR Partners gained nearly $250 million in 2024, according to three people familiar with the matter. Now, the star trader is out at LMR after sharp losses in September, tied to a mortgage-backed securities bet, those people said, asking not to be identified because the information is private.
Business
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