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Trend-following hedge funds suffer worst week since 2024 amid tech sell-off
Trend-following hedge funds recorded their worst weekly performance in two years as a sharp sell-off in tech stocks and heightened bond market volatility triggered losses across systematic and fundamental strategies, according to a report by Reuters citing Goldman Sachs. Systematic long/short hedge funds declined 2% last week, their steepest weekly loss since 2024, while fundamental long/short strategies fell 1.1%. The losses came as the Nasdaq 100 dropped 5.5%, its largest weekly decline since April 2025, amid growing concerns over the returns on substantial artificial intelligence investment
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