Hedge Funds Log Widest Daily Drawdown Since Covid in Stock Rout

Global hedge funds experienced one of their broadest daily declines since the Covid pandemic on Thursday following a stock market selloff, according to data from Goldman Sachs Group Inc.'s prime brokerage desk. The drawdown affected hedge funds globally and represents one of the largest single-day losses in the asset class since the pandemic period.

• Bloomberg — Hedge Funds Log Widest Daily Drawdown Since Covid in Stock Rout
• Bloomberg — Hedge Funds Suffer Widest Daily Drawdown Since Covid

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