Armistice Capital flagship fund drops 19% in March

Armistice Capital flagship fund drops 19% in March

Armistice Capital’s flagship hedge fund suffered its steepest monthly loss since inception, plunging 18.4% in March, as volatile markets and steep declines in healthcare and consumer stocks hammered performance, according to a report by Bloomberg. The sharp drawdown marks the worst month for Steven Boyd’s New York-based firm since it launched the strategy in 2012. The flagship fund, which managed around $2.1bn at the beginning of the year, focus…