Financial Digest

Hedge funds make money in April, Ackman gains 13.6% in month: investors

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Hedge funds recorded gains in April when stocks posted their biggest monthly return in decades, thanks largely to government rescue packages designed to fuel growth stalled by lockdowns to fight the coronavirus pandemic, managers and investors said.

FILE PHOTO: Ken Griffin, Founder and CEO, Citadel, speaks during the Milken Institute's 22nd annual Global Conference in Beverly Hills, California, U.S., April 30, 2019. REUTERS/Mike Blake

Ackman and Ken Griffin, who runs Citadel, identified the coronavirus dangers early and positioned for shocks. On average, hedge funds gained 2.73% for the month through April 23 and are now off only 4.6% for the year, data from Morgan Stanley show.

 

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🤔🤔🤔🤔 So the Government is propping up these FAKE StockMarket numbers, so these HedgeFunds can benefit? WakeUpAmerica

🤔🤔🤔🤔 So the Government is propping up these FAKE StockMarket numbers?

It was the best month in 82 years in the markets following depression era level losses. The NASDAQ gained 15.5%. These are fairly average gains.

We need a Peasant uprising!

Shameless robber. Lock him up.

Lots of marking to myth going on?

Corporate cult supporters always get their share before American families. It's Trump's corrupt administration.

Scum always make money from people’s misery. By causing it

Because they bet on people losing their shirts?

Lots of tax breaks too, whats not to love?

How did he do in March? YTD?

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