Aug
24
Hedge Fund ‘Hotels’ Sting Managers by Losing Up to 42% in Week
ByThe cost of staying in “hedge fund hotels” has been soaring.
Hedge fund hotels — companies in which these firms hold a combined stake of at least 25 percent — suffered declines of as much as 42 percent in the recentSTOCK MARKET
rout. Below we highlight the five biggest such losers in the past week among companies with at least $1 billion in market value, a period in which the Standard & Poor’s 500 Index fell 10 percent. One caveat: the firms’ holdings are generally as of June 30 and may have changed.
* Jumei International Holding Ltd…
Hedge Fund ‘Hotels’ Sting Managers by Losing Up to 42% in Week
