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Hedge funds suffer worst week since 2024

Trend following hedge funds recorded their worst weekly performance in two years following a sharp drop in AI related tech stocks. Volatility hit both equities and bonds as investors reevaluated capital spending plans.

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Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 29, 2026. REUTERS/Jeenah Moon

Systematic trend-following hedge funds suffered a 2% decline last week, marking their worst weekly performance since 2024 amid heavy selling in the United States tech sector, Goldman Sachs said Monday.
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