BlackRock’s USD 100m London trader turns bearish amid record losses

BlackRock’s star money manager Alister Hibbert has turned bearish as his hedge fund endures its worst-ever losses amid a sharp decline in stocks.
Photo: Arne Dedert/AP/Ritzau Scanpix
Photo: Arne Dedert/AP/Ritzau Scanpix
By Gillian Tan and Nishant Kumar, bloomberg

The BlackRock Strategic Equity Hedge Fund tumbled 13% this year through April, a person with knowledge of the matter said.

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