'It's been tough for us': Day traders are trouble for investors, $100 billion hedge-fund titan says
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Professional investors are struggling to deal with the day traders piling into markets, Man Group CEO Luke Ellis"It's hard to play poker with someone you haven't seen before," the hedge-fund titan said.
Day traders have shocked the investment world by buying up shares in bankrupt companies, piling into distressed industries, and taking pot shots at Warren Buffett and other industry veterans.The day-trading boom is causing headaches for veteran investors who don't know to handle the new entrants, according to the boss of the world's largest publicly traded hedge-fund manager.
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