"Worst Month For Hedge Funds Since 2022": Wall Street's Top Trading Desks Share Views On Market Meltdown

Earlier today we shared our thoughts on the "weekend prep" by Goldman derivatives guru Brian Garrett, and while his full note is a must-read for anyone trading this market, one thing stood out. According to the Goldman trader, "March came in like a lion and is going out like a lion", and nowhere is this more visible than in the performance of global fundamental managers who, according to Goldman's Prime Brokerage, are on track to have their worst month since 2022 (-5.4% mtd) taking the cohort into negative territory for the year (-1.4% ytd). The performance numbers are worse for fundamental US portfolios, which are down 5.7% month to date and down 3.8% ytd .