A large hedge fund or investment bank trading portfolio is liquidating and causing chaos in some areas of the hedge fund business, according to MarketWatch. 

Black Mesa Capital, a quantitative hedge fund that uses computer models to track down investment ideas, told investors that at least one large hedge fund or investment bank is liquidating “massive” trading portfolios, according to a letter the firm sent to investors on Wednesday. It is causing disruptions and triggering big losses among other so-called market-neutral hedge funds, Black Mesa stated in the letter, a copy that was obtained by MarketWatch yesterday.

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