HEDGE FLOW-Trend hedge funds saw worst week since 2024 as AI stocks fell, Goldman says
Goldman Sachs said systematic long-short funds fell 2% as a $20 billion tech-stock selloff and AI spending worries shook markets.
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Goldman's Pasquariello says the tech sell-off raises doubts about AI stocks
Hedge funds sold tech stocks at their fastest pace in two years during last Thursday’s rout, Goldman Sachs’ Tony Pasquariello told clients, Bloomberg reported. The Nasdaq 100 fell 2.9% that day. He expects the bull market to continue, but with less punch, as Microsoft, Alphabet and Amazon report this week. Hedge funds sold tech stocks […] This story continues at The Next Web
HEDGE FLOW-Trend hedge funds saw worst week since 2024 as AI stocks fell, Goldman says
LONDON, Oct 26 (Reuters) - Trend-following hedge funds witnessed their worst weekly performance in two years last week, as concern about the eventual pay-off from hefty AI spending ignited volatility across stocks and bonds, a Goldman Sachs note seen...
Opalesque Roundup: AI unwind meets record capital: Hedge funds post worst day since Covid as allocators keep writing tickets - Opalesque
The AI unwind that began the previous week turned into a full-blown deleveraging this week. Goldman Sachs data showed global hedge funds suffering their widest one-day drawdown since the Covid crash, managers dumping technology stocks at the fastest pace since 2016, and short sales outpacing long pu... Article link
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