What you need to know on Wall Street today

Business Insider | 8/12/2017 | Business Insider
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Some of the world's largest hedge funds have lost money this year – or made barely any – even as markets have hit record highs.

Funds - Firms - Bridgewater - Associates - Hedge

The funds are run by firms including Bridgewater Associates, the largest hedge fund firm in the world, and Two Sigma, one of the fastest-growing firms. The weak performance is especially striking, as the S&P 500 has delivered 10.4% through July. Here are this year's returns for major funds, after fees.

In related news, this chart will give stockpickers everywhere nightmares. And John Burbank's Passport Capital, which famously shorted the subprime mortgage crisis, is rapidly shrinking.

Stock - Market - Fear - North - Korea

Stock market fear is erupting as North Korea tensions mount. As a result, Jeff Gundlach's "free money" trade is already paying off. Gold is also spiking.

In Wall Street news, Barclays has hired Stephen...
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