Hedge funds face margin calls amid AI stock sell-off
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What to remember: Wall Street banks have asked for additional collateral to the most concentrated hedge funds. Goldman Sachs and JPMorgan Chase are among the institutions that have made these requests. Long-short and multi-strategy strategies have lost 1.3% and 1.7% on Tuesday alone. Wall Street banks have claimed more collateral from hedge funds in recent weeks, while the fall in artificial intelligence values is accelerating and inflicting hea…
Hedge funds face margin calls amid AI stock sell-off
Wall Street’s leading prime brokers including Goldman Sachs and JPMorgan Chase are demanding additional collateral from hedge fund clients as the sharp sell-off in AI-related stocks drives losses across some of the industry’s most crowded trades, according to a report by the Financial Times. The report cites unnamed market sources as saying that banks have asked funds with concentrated exposure to sectors hit hardest by the recent downturn to po…
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