00:00It's Benzinga bringing Wall Street to Main Street.
00:02Hedge funds suffered large losses last week after U.S.-Israeli strikes on Iran triggered
00:07sharp moves across global markets. According to the Wall Street Journal, oil prices surged
00:12and bond yields jumped as traders began betting that inflation could rise and central banks
00:17might delay rate cuts. Citadel, Millennium Management, Point72, Valuzni Asset Management
00:23and Exodus Point Capital Management were among the firm's hit. Millennium and Point72 each lost
00:28about $1.5 billion during the week, while Citadel lost about $1 billion in its fixed income
00:34and macro business. Some hedge funds suffered losses after macro bond trades moved against
00:39them, including the steepener trade that bets on a widening gap between short and long-term
00:44bond yields. Many of the funds remained positive for the year after strong gains earlier in
00:492026.
00:50For all things money, visit Benzinga.com.
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