Hedge funds are going through a rather rough stage right now. Not just the cryptocurrency service providers, but more traditional offerings are feeling the pressure as well. The following hedge funds – ranked by loss amount – have seen their total valuation plummet significantly over the past few years.
#6 Fir Tree
The past few years have not been great for Fir Tree. Originally founded in 1994, the hedge fund reached its peak in terms of asset worth back in 2015. At that time, the company managed $ 13bn worth of assets. Fast forward to today, and that number has shrunk to $ 7bn. A more than respectable number still, but one that shows things are not heading in the right direction.