hedge funds and current market conditions
How are hedge funds performing in the current market conditions? My friend said to me, “I bet hedge funds are making a killing right now with commodity prices skyrocketing.” However, I was under the impression that many hedge funds have posted large losses. I assume this is due to holdings in equity classes like stocks that have performed well in past years and the inability/difficulty of closing such large positions. How long do hedge funds hold investments, and why aren't more thriving in a market with such large volatility?