Hedge funds suffer worst day since pandemic in tech drop
Global hedge funds posted their steepest losses since the pandemic as a renewed tech selloff swept markets. Skepticism over AI spending caused major strategies to fall over one percent on October 22.
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Xurve View
Global hedge funds posted broad losses exceeding 1% across all three major strategies on October 22, marking their worst performance since the pandemic era. The severe downturn was triggered by a renewed selloff in major technology stocks amid growing investor skepticism over massive artificial intelligence infrastructure spending. The losses dealt a heavy blow to portfolio managers in the United States and international markets as crowded trades unraveled.
