Every Zipp story tagged #HedgeFunds, newest first.
The Scion Asset Management founder publicly disclosed multi-million-dollar puts against Tesla and Caterpillar in 2024, and CNBC is now flagging the trade as in the green as both stocks lag.
Beijing-side managers are pulling back from the names that led the AI trade, framing the unwind as a long-overdue re-pricing rather than a single-catalyst event.
The 17% QoQ drawdown is the headline; the split inside it is the story — hedge funds cut 39%, brokers 53%, while JPMorgan, Wells Fargo and Citi quietly added.
Across 400+ managers, all sub-strategies posted positive average returns in April — a rare aligned tape where market-neutral books quietly compounded alongside directional winners.
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