Hedge Funds, ETFs Feel the Squeeze of Stock Selloff

The video discusses the current state of the hedge fund industry, highlighting their struggles and high equity exposure. It covers hedge funds' investments in tech stocks like Facebook and Amazon, and the challenges they face with concentrated bets. The video also mentions a successful month for an oil hedge fund and reports on the recent closures of two major hedge funds, Highfield Capital and Turbulent Capital, due to financial difficulties.

What was the performance of oil hedge funds in the recent month mentioned?

What recent developments have occurred with hedge funds, such as closures?