Goldman Sachs' hedge fund focused on the Japanese market recorded its largest single-day drop in history
On August 5th, Goldman Sachs Group reported on Monday that after weak U.S. employment data and the Bank of Japan's interest rate hike last week triggered a global stock market plunge, hedge funds focused on the Japanese market are facing Goldman's largest single-day performance loss in history. As of the close of Asian trading, the performance of hedge fund managers focusing on the Japanese market has fallen by 7.6% in the past three trading days. The drop of 3.7% on Monday is Goldman's largest single-day performance decline on record, wiping out these hedge funds' annual gains over the past three trading days.
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