$7.5 Billion Hedge Fund Anchorage Capital Just Closed

Why did a $7.5 billion hedge fund just decide to close up shop and return money to their investors? Well contrary to what it might sound like, it wasn't due to bad investments blowing up in their face. This is despite the rumors of AMC shorts hurting their performance. In fact, it looks like the strategy didn't align with the current economic situation where the easy monetary and accommodative fiscal policy support failing businesses and make investing successfully very difficult.

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