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Multistrat Massacre: Steve Cohen, Millennium, Citadel Suffer "One Of Worst Months Ever"

• https://www.zerohedge.com by Tyler Durdan

Earlier this week we reported that notable name, Balyasny Asset Management, was hit especially hard when between losses in 2018 and client redemptions, the fund lost over $4 billion in AUM, leading to the termination of 20% of its work force. However, it was not until November, that some of the most marquee names were hammered for the first time in years.

According to Bloomberg, the holy trinity of multi-strategy hedge fund managers who run "silo" based asset management firms, billionaires Ken Griffin, Izzy Englander and Steve Cohen, posted monthly losses in November that ranked among their worst ever as stock hedge funds dumped holdings at a rate not seen since the financial crisis, while other assets such as credit and oil suffered dramatic losses.

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