$144 billion profit in one month

Dusseldorf The ongoing correction in the stock market is bringing massive profits to hedge funds. On a monthly (30-day) basis, unregulated mutual funds made a profit of $144 billion on bets on the US market going down. This is the result of a recent study by the analysis company S3 Partners.

With an average volume of “short bets” of $947 billion during this period, that corresponds to a return of 15 percent. On an annual basis, the performance is even better: The return there is almost 24 percent and the profit is $217 billion. In the meantime, the numbers are likely to be even larger, because the past stock market week has not yet been fully recorded in the numbers.