Key Takeaways
- • Global hedge funds posted their steepest one-day losses since the Covid-19 pandemic as the stock sell-off deepened, according to Goldman Sachs data.
- • Global fundamental long/short funds fell 1.4% as of Thursday's close, while TMT-focused funds dropped 2.7% on average.
- • Systematic long/short funds lost 1.3% over the same session, showing losses across both discretionary and quantitative equity strategies.
- • TMT exposure produced the steepest losses among the fund categories reported, underscoring concentration risk in technology, media and telecom names.
Summary
Global hedge funds recorded their steepest one-day losses since the Covid-19 pandemic as the stock sell-off intensified, according to Goldman Sachs data. As of Thursday's close, global fundamental long/short funds fell 1.4%, while funds focused on technology, media and telecom (TMT) were down 2.7% on average.
Systematic long/short funds lost 1.3% over the same period. The figures point to losses across both discretionary and quantitative equity strategies, with TMT-focused managers absorbing the heaviest declines among the categories reported.
The report draws on Goldman Sachs data and was also covered by Bloomberg under the headline "Hedge Funds Log Widest Daily Drawdown Since Covid in Stock Rout." The Covid-19 comparison serves as a historical benchmark for the scale of the single-day loss rather than a description of current conditions beyond the figures cited.
Systematic long/short funds lost 1.3% over the same period. The figures point to losses across both discretionary and quantitative equity strategies, with TMT-focused managers absorbing the heaviest declines among the categories reported.
The report draws on Goldman Sachs data and was also covered by Bloomberg under the headline "Hedge Funds Log Widest Daily Drawdown Since Covid in Stock Rout." The Covid-19 comparison serves as a historical benchmark for the scale of the single-day loss rather than a description of current conditions beyond the figures cited.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.