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Hedge funds took a hit in March as the Iran war rattled global markets. Oil spiked, bonds sold off, and crowded trades unraveled wiping out recent gains at major firms like Millennium and Balyasny. A few funds bucked the trend, but overall it marked the industry's sharpest drawdown in months.

Private credit markets are under pressure as record redemption requests hit major firms like Blue Owl. With investors rushing for liquidity, fund managers face a critical choice: enforce strict withdrawal limits or risk creating a false sense of stability. As retail investors become the next growth engine, this moment could define the future of the $1.8 trillion private credit industry.

Tesla Inc. delivered 358,023 vehicles worldwide in the first quarter, missing Wall Street's expectations and posting one of its worst sales quarters in years. Craig Trudell reports on Bloomberg Television.

Applications for US unemployment benefits fell last week to just shy of a two-year low as Initial claims decreased by 9,000 to 202,000. Meanwhile, the US trade deficit widened in February by less than forecast on an increase in both imports and exports. Michael McKee reports on Bloomberg Television.

Layoff announcements at technology companies continued to mount in March, as employers in the technology sector announced 18,720 job cuts, up more than 24% from March 2025, according to outplacement firm Challenger, Gray & Christmas Inc. Michael McKee reports on Bloomberg Television.

Jim Zelter, president at Apollo Global Management, offers a defense of private credit and says investors are missing the plot on the public/private convergence.

The Trump administration is set to outline a tiered system for its broad tariffs on steel and aluminum products in an effort to simplify the process for American companies. Brendan Murray reports on Bloomberg Television.

Shoqat Bunglawala, head of multi-asset solutions at Goldman Sachs, discusses portfolio diversification, tail-risk protection and why he's still "constructive over the medium term" in spite of the uncertainty around the war in the Middle East.

The effective closure of the Strait of Hormuz by Iran has stranded a significant proportion of global jet fuel shipments and led refineries in Asia to cut production. Bloomberg's Danny Lee reports on how this impacts the global aviation industry.

Algorae Pharmaceuticals (ASX:1AI) announced a capital raising initiative that generated $4 million before costs.

Anna Edwards, Lizzy Burden and Adam Linton break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." For up to the minute market intelligence and insight, click MLIV <GO>.

Voltaic Strategic Resources (ASX:VSR) announced an extension of its Ti Tree earn-in and joint venture agreement.