A trader works on the floor of the New York Stock Exchange in New York City, U.S., December 3, 2021.The hedge fund industry attracted its largest inflows in seven years during the first quarter as investors sought downside protection amidst a volatility spike triggered by fears of inflation and rising rates as well as geopolitical tensions.
The big interest in hedge funds came as the bull market was threatened by the Federal Reserve's aggressive tightening, Russia's invasion of Ukraine as well as shocking 40-year-high inflation. The S&P 500 suffered a correction and lost 5% in the first quarter, marking its worst quarterly performance since the start of the pandemic in early 2020.
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Source: MarketWatch - 🏆 3. / 97 Read more »