News Snapshot:
LONDON/NEW YORK/HONG KONG, March 31 (Reuters) - March's market turmoil has forced many macro and trend-following hedge funds to cut bait on bad portfolio bets and caused at least one bank that lends to them to scrutinize its clients' exposure, according to sources and preliminary data reviewed by Reuters. The sudden collapse this month of two regional U.S. banks and Swiss lender Credit Suisse rocked stock, bond and currency markets, catching many hedge funds off-guard and leaving them with unexpected losses. Macro and trend-following hedge funds dropped 3.2% this month through March 29, while algorithmic commodity trading advisor funds (CTAs)...
