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When word of Omicron tanked markets, led by declines in...
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Inside a very bad month for hedge funds

Hedge funds were on a roll this year, up more than 11% on average, when word of Omicron tanked markets, led by declines in tech stocks.

Tech-focused hedge fund giants like Tiger Global, Viking, and Whale Rock all posted November declines as a result.

Melvin Capital fell 4.9%, putting its year-to-date losses at a massive 41.5%.

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