On: Stocks Halt; Oil and Bonds Drop in Sync

[609venezia]

Yikes.

Which funds is he referring to? Do we have any references more solid than a tweet?

[ryansmccoy → 609venezia]

That tweet is by someone who would know. I've also verified this with some people I know in the industry.

[Infinitesimus → ryansmccoy]

Are you at liberty to say which hedge funds these were?

[Infinitesimus → Infinitesimus]

Rumor has it that it's Bridgewater for anyone reading this later

[ewheeler → 609venezia]

"Malachite Capital Management LLC, a hedge fund specializing in trading volatility, said that it would shut down immediately." according to https://www.wsj.com/livecoverage/coronavirus/card/is2y79bNxh...

[609venezia → ewheeler]

Thank you. This closure makes sense.

"their strategy involved selling options on volatility exchange-traded products, which is essentially a bet that profits when markets stay calm."

Would this fund be considered "large" at 600mm?

There are also some older ones in the news e.g.:

https://www.ft.com/content/da193096-63af-11ea-b3f3-fe4680ea6... (March 11, Solus's flagship fund, 4.3bn, distressed debt focus)