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Asia-focused hedge funds post widespread July losses after AI sell-off

A reversal in AI-linked stocks drove the worst month on record for regional equity long-short managers, according to Goldman Sachs prime brokerage data cited by Bloomberg.

Reported · Written up by our desk · Hedge Funds

Asia-focused hedge funds recorded widespread losses in July after a sharp reversal in AI-related stocks, according to a report referenced by Hedgeweek.

The pullback hit regional equity long-short strategies hard, with Goldman Sachs prime brokerage characterizing the month as the worst on record for Asia-focused managers, based on its data.

Hedgeweek attributed the losses to regional stock-pickers enduring record monthly declines during the period.

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