Goldman Sachs: Asian Equity Hedge Funds Face Largest Monthly Drawdown

Goldman Sachs reports that equity hedge funds focused on the Asian market are experiencing the largest single-month drawdown on record, attributed to a widespread sell-off of AI-related stocks that has erased much of the previous gains from concentrated bets in this sector. As of July 28, these funds have averaged a decline of 18.6% this month. Since peaking at a year-to-date return of 40% on July 22, these funds have given back 21 percentage points of their year-to-date gains.

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