Today is the last of the month and of course, some flows could induce noises.
Anyway, 4 banks sent $1bn of cash to Robinhood. The trading platform will resume trading on the most shorted stocks, increasing pain trades to the Hedge Fund community and therefore on PrimeBrokerage banks.
Candlestick Advisory, a roughly $3 billion hedge fund was down in the low- to midteens for the year through Wednesday, said a person familiar with the fund. It was up 26% in 2020.
D1 Capital Partners, a top-performing fund in recent years was down about 20% for the year through Wednesday. Its substantial portfolio of investments in private companies has buffered the fund from a bigger loss. D1 managed $20 billion at the start of the year.
Our GTO has no leverage (+27.7% in 2020) and only invested in ETFs…
The house of cards is fragile = stay Barbell