CNBC: Goldman says hedge funds suffered worst underperformance vs S&P 500 in July in 20+ years of data

CNBC reports: Hedge funds struggled to a historic extent as AI momentum unwound in July, according to Goldman Sachs. “Our Hedge Fund VIP list of the most popular long positions suffered its worst 1-month underperformance vs. the S&P 500 in more than 20 years of history, and July marked one of the sharpest hedge fund de-grossing episodes of the past decade,” Goldman strategists led by Ben Snider sa Read full article →