Asia-focused equity hedge funds are on track to record their largest monthly losses on record after a sharp sell-off in artificial intelligence-related stocks triggered a rapid unwinding of one of this year’s most profitable investment themes, according to a report by Reuters citing a note from Goldman Sachs.
The bank’s prime brokerage division said Asia-focused fundamental long-short hedge funds were down an average of 18.6% in July up to 28 July, as investors rushed to cut exposure to AI-linke...
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