Bank failures, ‘hard landing’ still top-of-mind for hedge funds

News Snapshot:

NEW YORK, June 7 (Reuters) - Big U.S. hedge fund and family office investors on Wednesday cautioned that despite the U.S. economy showing resilience, a recession and more bank failures remained likely in an environment of persistent inflation. U.S. investor Stanley Druckenmiller, chairman and chief executive officer at Duquesne Family Office, said he still expected a hard landing for the U.S. economy - a scenario where the Federal Reserve's rate-hiking pushes the economy into a recession. "I think the probabilities would suggest that Silicon Valley Bank, Bed Bath & Beyond, they're probably the tip of the iceberg," he said, referring...