Hedge funds are hit by Lehman-style margin calls as Trump's 10 percent global tariff kicks in
Hedge funds are facing Lehman-style margin calls as a market crash triggered by President Donald Trump's tariffs raises fears of a looming 'Black Monday.' The market's sharp downturn has forced hedge funds to sell off assets, with major Wall Street banks demanding collateral after the value of holdings sharply declined, according to sources familiar with the situation. Many now fear a repeat of the devastating 'Black Monday' from October 19, 1987, when the Dow Jones Industrial Average plummeted by 22.
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