How hedge funds are dealing with the global market meltdown

Issei Kato/Reuters

• The global market meltdown has clear winners and losers among hedge funds.
• Investors who thrive in choppy markets have done well previously at firms like Capstone and Eisler.
• Asia-focused firms and currency traders at big macro funds might have been wrong-footed.

Japan's Nikkei index had its biggest single-day fall since 1987. The VIX, Wall Street's go-to snapshot of market volatility, is at its highest point since the onset of the pandemic.