Global Hedge Funds Decline 2.9% This Week as AI Trade Unwinding Hits Asia-Focused Funds 2.6%
According to Goldman Sachs, global hedge funds declined 2.9% during the week ending Oct 15 as artificial intelligence trading positions were unwound on a massive scale, with Asia-focused funds hit hardest, plunging 2.6% on Oct 16 alone. CoreWeave, a data center operator, saw its bond yields surge
GateNews·10-17 10:01
