Global hedge funds suffer losses, net leverage drops as market plunges, says Morgan Stanley

HONG KONG (Reuters) -Hedge funds tracked by Morgan Stanley globally posted growing losses as markets tumbled last week after U.S. President Donald Trump’s announcement of sweeping tariffs, turning year-to-date performance to a 3% decline and driving down their net leverage. Trump launched a historic trade war on Wednesday, and China retaliated with 34% reciprocal tariffs on U.S. imports on Friday, stoking fears of a global recession and sparking the worst two trading days for stocks since the pandemic in 2020. The S&P 500 and FTSE plunged over 10% and 6% respectively after Trump’s announcement.Read More