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AI rout drives technology hedge funds to record worst month since 2008

Reported · Written up by our desk · Hedge Funds

Technology-focused hedge funds logged their steepest monthly decline since the global financial crisis in July, as a sharp reversal in AI-related equities hit managers concentrated in the sector, according to data cited by Hedgeweek from HFR.

The outlet said the AI market pullback translated into record performance pressure for the hedge fund segment most exposed to technology stocks, resulting in their worst month since 2008.

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