Excepts: “Billionaire Cliff Asness’ hedge fund AQR hit with $43B COVID-19 losses”

• The firm’s Multi-Strategy Alternative fund, for example, is down 22 percent this year following declines of 10 percent in 2019. Its Small-Cap Multi-Style fund, which was up 20 percent last year, is now down 29 percent.
• “That’s pretty terrible,” one hedge fund manager told The Post. “Things are bad out there, but $43 billion is a death signal.”

Source: New York Post