Goldman says hedge funds suffered worst underperformance vs S&P 500 in July in more than 20 years of data

Goldman Sachs reported that hedge funds underperformed the S&P 500 by the largest margin in July since the firm began tracking the comparison over 20 years ago. The underperformance metric measures the difference between hedge fund returns and S&P 500 returns during a specific period. Goldman did not specify the exact percentage point difference or identify which hedge fund strategies were most affected.

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