Quantitative hedge funds suffered their sharpest daily decline in more than two years ton Wednesday as violent market rotations battered momentum strategies, adding to pressure on systematic managers following last month’s technology sell-off, according to a report by the Financial Times.
The report cites a a Goldman Sachs note circulated to clients as saying that systematic long-short funds were down about 1.4% by early afternoon on Wednesday. That marked their worst daily performance in more t...
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