According to sources close to the relevant fund, due to the intense sell-off of artificial intelligence concept stocks such as Japan and South Korea, some large Asian multi-strategy funds experienced the biggest pullback since this year in July, erasing some of the gains accumulated in the first half of the year. However, these multi-strategy funds are still outperforming the industry as a whole. Goldman Sachs estimates that Asian hedge funds, which focus on stock selection strategies, fell by an average of 15.2% in July, the biggest monthly decline since a record was recorded.

According to sources close to the relevant fund, due to the intense sell-off of artificial intelligence concept stocks such as Japan and South Korea, some large Asian multi-strategy funds experienced the biggest pullback since this year in July, erasing some of the gains accumulated in the first half of the year. However, these multi-strategy funds are still outperforming the industry as a whole. Goldman Sachs estimates that Asian hedge funds, which focus on stock selection strategies, fell by an average of 15.2% in July, the biggest monthly decline since a record was recorded.