Rokos Joins Hedge Funds Losing Money Last Week, Jain Gains

Some of the world’s biggest hedge funds known for their steady returns suffered hundreds of millions of dollars in losses last week after the war against Iran triggered wild market moves and hit portfolios across the industry.

Coatue Management’s hedge fund lost 3.8% last week and was down 2.4% this year through March 6, according to an investor letter seen by Bloomberg News. Citadel’s main Wellington hedge fund lost 2% last week, with its macro business suffering declines, a person with knowledge of the matter said. The fund was up 2.9% through February.