Tech-focused hedge funds suffered record 10.2% loss in July, JPMorgan finds

cnbc.com

Excluding Situational Awareness, tech-focused hedge funds lost 10.2% in July, their worst month on record, JPMorgan says. Multi-strategy funds lost 2.3%, their fourth-worst episode behind 2020, 2008, and 2000. Losses may limit hedge funds' ability to support the rally, potentially shifting burden to retail investors. The sell-off was driven by deleveraging and momentum unwinding; ETFs fell sharply, and Situational Awareness's $35 billion losses led Citadel to buy assets at a discount.


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Tech-focused hedge funds suffered record 10.2% loss in July, JPMorgan finds | News Minimalist