London-Based Hedge Fund Reels as Tech Bet Goes Wrong

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Inventory-picking hedge funds world wide are hurting amid the market rout. 

After which there may be Marcho Companions a tech-focused fund based by a onetime deputy of tech investor Chamath Palihapitiya. The London-based fund, which had over $1 billion in belongings below administration at its peak, was down almost 84% by June 30, in keeping with a abstract Marcho despatched to its traders, marking one of many worst-known performances for a hedge fund to date in 2022. 

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