Hedge funds lose on UK election shock, but man less than machines

By Maiya Keidan and Jemima Kelly | LONDON

LONDON Hedge funds lost out on Tuesday after British Prime Minister Theresa May shocked markets by calling a snap election, but those led by humans outsmarted those led by machines, in a reversal of fortunes from the Brexit referendum.

While computer-driven hedge funds garnered plaudits for their outperformance in the wake of Britain’s shock vote to leave the European Union last year, this year’s first major test resulted in big losses.

Among the most high-profile losers was

To see the full content, share this page by clicking one of the buttons below

Click here to Read from the source

x

Check Also

Putin dials up anti-U.S. rhetoric, keeps mum on re-election

SOCHI/MOSCOW (Reuters) – President Vladimir Putin launched one of his most stinging critiques of U.S. ...

Shares