Long/short hedge funds are erased every year

Written by Carolina Mandel

New York (Reuters) -Long/short hedge funds are erased for the gains for this year on Thursday, as the shares decreased after the Trump administration announced the full tariffs.

Goldman Sachs said the money showed a 1.7 % decrease per day. As of Thursday, long/short hedge funds decreased 1.6 % for this year.

Today’s losses through hedge boxes, which take long -standing positions with betting against others, are the second sharp bump of that money in one month. They decreased by 1.5 % during the early hours of the day on March 10, after the managers of the governor have never been not valid in one shares, as concerns have been installed that customs duties will send the economy to the recession.

A memorandum from Goldman said last week that the hedge was already heading, as it was pessimistic at the highest level this month.

However, the bank has been using the leverage high, near record levels in the past five years.

The customs tariff rocked the global financial markets on Thursday, with shares decreased in dollars and the United States with investors rushing to safe havens. The S& P 500 was 4.16 %, while the Nasdaq Stock Exchange decreased by 5.3 %.

(I participated in the reports of Carolina Mandel, in New York; edited by Megan Davis, Chris Reese and Mark Porter)