AI Trade Unwinds as Global Hedge Funds Post Steep Losses, Asia Managers Hit Hardest
Global hedge funds have suffered sharp losses as investors rapidly unwound artificial intelligence-linked positions amid renewed inflation concerns and rising expectations that interest rates will stay higher for longer. Asia-focused stock pickers were the worst affected, while broader global fundamental long-short funds also slipped, underscoring how crowded technology bets are now amplifying volatility across the hedge fund industry.
