Asia Hedge Funds Lose 15% in July as Tech Selloff Triggers Record Rout
Updated
Updated · Bloomberg · Aug 4
Asia Hedge Funds Lose 15% in July as Tech Selloff Triggers Record Rout
3 articles · Updated · Bloomberg · Aug 4
Summary
Goldman Sachs estimated Asia hedge funds running long-short stock strategies lost 15% in July, marking the worst month on record for regional stockpickers.
Tech shares drove the rout, wiping out funds that had been among the first-half's strongest performers and turning a market pullback into widespread double-digit losses.
Hel Ved Capital Management, E20 Capital, Valliance Asset Management and WT Asset Management were among firms reporting losses of more than 10% for the month.
The damage follows earlier signs of stress in AI-linked trades, including Jupiter Research Capital's quant fund plunging 43% by July 24 as related shares sank.