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Hedge Funds Log Widest Daily Drawdown Since Covid in Stock Rout

Bloomberg Markets Friday 23 October 2026, 06:17 UTC By David Ramli 1 min read
Key Points

Hedge Funds Log Widest Daily Drawdown Since Covid in Stock Rout Global hedge funds suffered one of their broadest declines since the Covid pandemic following the stock market selloff on Thursday, according to Goldman Sachs Group Inc.’s prime brokerage desk. “For the first time since Covid, all three broad equity strategies fell more than 1% on the same day,” the firm said in a note to clients.

Hedge Funds Log Widest Daily Drawdown Since Covid in Stock Rout Global hedge funds suffered one of their broadest declines since the Covid pandemic following the stock market selloff on Thursday, according to Goldman Sachs Group Inc.’s prime brokerage desk. “For the first time since Covid, all three broad equity strategies fell more than 1% on the same day,” the firm said in a note to clients.
Covid (PERSON) Goldman Sachs Group Inc.’s (ORG)
Originally published by Bloomberg Markets Read original →

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