Financial blog Zero Hedge said that last week, shortly after the collapse of margin trading, we predicted that “anytime” we would start hearing news of catastrophic losses in multi-strategy hedge funds. A week later, the first victim of the spread trading crash appeared. According to Bloomberg, Alphadyne Asset Management, a hedge fund that manages about $10 billion and specializes in macro and fixed income relative value transactions, lost hundreds of millions of dollars last week, hastening April's decline as Trump's trade war triggered a historic collapse in base difference trading. Alphadyne's main fund has already fallen 2.4% in the first week of April. Coupled with sharp losses last week, the fund's decline since this year is about 8%, which is amazing for a “hedging” relative value fund.

Financial blog Zero Hedge said that last week, shortly after the collapse of margin trading, we predicted that “anytime” we would start hearing news of catastrophic losses in multi-strategy hedge funds. A week later, the first victim of the spread trading crash appeared. According to Bloomberg, Alphadyne Asset Management, a hedge fund that manages about $10 billion and specializes in macro and fixed income relative value transactions, lost hundreds of millions of dollars last week, hastening April's decline as Trump's trade war triggered a historic collapse in base difference trading. Alphadyne's main fund has already fallen 2.4% in the first week of April. Coupled with sharp losses last week, the fund's decline since this year is about 8%, which is amazing for a “hedging” relative value fund.