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Hedge Funds Unverified First seen

Hedge funds post broadest daily losses since Covid as tech stocks fall

Hedgeweek, citing a Bloomberg report on Goldman Sachs prime brokerage data, said global hedge funds suffered one of their broadest daily selloffs since the Covid pandemic on Thursday, with fundamental, systematic and multistrategy funds all losing more than 1%. HedgeCo.Net also reported that hedge funds took one of their broadest hits in more than six years as a selloff in large technology stocks hit AI-linked positions. The posts attribute the figures to Goldman Sachs prime brokerage data and link the losses to a technology stock decline.

Why “Unverified”

  • 2 independent sources (Hedgeweek, HedgeCo.Net), but no primary confirmation

2 independent source groups across 2 posts · evidence score 69/100. How labels work

Market around the story

  • NDX Still being measured. The price reaction is recorded once the market has traded for six hours after the first report.

What the sources claim

  1. Global hedge funds suffered one of their broadest daily selloffs since the Covid pandemic on Thursday, with losses exceeding 1% across fund types.

    “Global hedge funds suffered one of their broadest daily selloffs since the Covid pandemic on Thursday”
    Hedgeweek

  2. Global fundamental long-short equity funds fell 1.4%, their worst session since 16 July.

    “Global fundamental long-short equity funds fell 1.4%, their worst session since 16 July”
    Hedgeweek

  3. Telecommunications, media and technology-focused managers recorded average losses of 2.7%.

    “telecommunications, media and technology-focused managers recorded average losses of 2.7%”
    Hedgeweek

  4. Systematic long-short funds declined 1.3%, their third-worst session since December 2023.

    “Systematic long-short funds declined 1.3%, marking their third-worst session since December 2023”
    Hedgeweek

  5. Multistrategy platforms lost 1.9%, their second-largest daily decline since the April 2025 tariff-driven selloff.

    “multistrategy platforms lost 1.9%, their second-largest daily decline since the April 2025 tariff-driven selloff”
    Hedgeweek

  6. The Nasdaq 100 fell 2.9%, its steepest decline since June, as US technology stocks tumbled. NDX

    “The Nasdaq 100 fell 2.9%, its steepest decline since June”
    Hedgeweek

Sources

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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-23 10:10 UTC. Labels are computed from the sources, not by the model.