Huoxing Finance reports, according to Jinshi, a Goldman Sachs report indicates that Asian-focused equity hedge funds are experiencing their largest monthly drawdown on record, due to widespread selling of AI-themed stocks, which has erased most of the gains previously generated by the market's concentrated bets on this sector. As of July 28, these funds declined an average of 18.6% this month. Goldman Sachs noted that since their year-to-date returns peaked at 40% on July 22, these funds have given back 21 percentage points of their year-to-date gains.
Goldman Sachs: Asia-focused equity hedge funds experience largest monthly drawdown on record
MarsBitShare
Summary
Goldman Sachs reported that Asia-focused equity hedge funds experienced their worst monthly drawdown on record, with an average decline of 18.6% in July 2026. Heavy selling in AI-linked stocks erased most of the year’s gains. On-chain trading signals revealed sharp outflows, while technical analysis for crypto indicated bearish patterns. These funds lost 21 percentage points of their annual returns after peaking at 40% on July 22.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.