Momentum strategies fail, quant hedge funds suffer the biggest drawdown since 2023
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Goldman Sachs prime brokerage business data shows that as of last Thursday, long-short hedge funds primarily focused on systematic trading fell by 2.1% last week after having dropped 3.1% over the previous five trading days, marking their worst performance since December 2023. Meanwhile, as hedge funds cut leverage, performance among fundamentally driven managers also declined last week, with technology stocks being among the most heavily sold sectors.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Aspo unit ESL Shipping signs transport agreement with Stegra
Reuters•2026/09/14 06:04
Fram Skandinavien August NAV falls 15% to SEK 7 per share
Reuters•2026/09/14 06:03
Orexo says FDA accepts IND for OX640 anaphylaxis treatment candidate
Reuters•2026/09/14 06:03
Svolder net asset value slips to SEK 59 per share as of Sept. 11
Reuters•2026/09/14 06:03
Crypto prices
MoreBitcoin
BTC
$77,725.56
+0.56%
Ethereum
ETH
$2,522.27
+0.01%
Tether USDt
USDT
$0.9996
-0.02%
BNB
BNB
$724.9
-0.17%
XRP
XRP
$1.38
+1.03%
USDC
USDC
$0.9999
+0.00%
Solana
SOL
$101.49
-0.28%
TRON
TRX
$0.3389
-0.17%
Hyperliquid
HYPE
$79.86
+0.59%
Zcash
ZEC
$1,137.3
-0.92%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now