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(Adds background on AI selloff, latest comments from Goldman report) Global fundamental long-short funds lost 2.9% in week to October 15 Asia-focused stock pickers lost 6.8% in first half of October By Summer Zhen and Anirban Sen TOKYO/NEW YORK, Oct 16 (Reuters) — Global hedge funds suffered steep losses this week afte
Global hedge funds lost ground this week as AI bets unwound, with Asia-focused funds hit hardest. Investors are questioning whether heavy AI spending can pay off soon.
By Summer Zhen and Anirban Sen TOKYO, Oct 16 (Reuters) — Global hedge funds suffered steep losses this week, according to a Goldman Sachs prime brokerage note, battered by the violent unwind of a swathe of AI bets, with Asia-focused funds hit the hardest. Investors are increasingly questioning whether massive AI spendi
Global hedge funds suffered steep losses this week as AI-related bets unwound, according to a Goldman Sachs prime brokerage note. Asia-focused funds recorded the heaviest losses.