High Watermarks: An Uphill Battle for Hedge Funds

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A significant number of hedge funds struggle to recover from losses, with a third still below their high watermarks since 2022, which hampers their ability to charge performance fees. Some prominent funds, including Tiger Global, faced steep declines, requiring extraordinary gains to regain prior performance levels. The long-short equity fund sector has seen improvement, but macro funds continue to face challenges, with nearly half not yet recovering. This ongoing struggle highlights the competitive pressures within the hedge fund industry and the difficulty of returning to profitability after substantial setbacks.

On this TCAF Tuesday, Josh Brown is joined by Dan Ives of Wedbush Securities to discuss Nvidia's latest earnings report, what sets Jensen Huang apart, what it would take for anyone to catch the AI leader, and much more! Then, at 31:33, hear an all-new episode of What Are Your Thoughts with Josh and Michael Batnick!

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