According to data from Goldman Sachs's brokerage business division, after the stock market sell-off on Thursday, global hedge funds experienced one of the biggest declines since the COVID-19 pandemic. Global fundamental long and short strategy funds closed down 1.4% on Thursday, while communications, media and technology-themed funds fell by an average of 2.7%. The brokerage department said that more than two-thirds of the hedge funds closed down on the same day, and concentrated bears were further pushed out at the end of the session.

According to data from Goldman Sachs's brokerage business division, after the stock market sell-off on Thursday, global hedge funds experienced one of the biggest declines since the COVID-19 pandemic. Global fundamental long and short strategy funds closed down 1.4% on Thursday, while communications, media and technology-themed funds fell by an average of 2.7%. The brokerage department said that more than two-thirds of the hedge funds closed down on the same day, and concentrated bears were further pushed out at the end of the session.