Press & Media
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Why TMT hedge funds are the year’s top performers — and the AI risks that could undo it
Tumbling AI, semiconductor and AI-linked infrastructure stocks in July left TMT hedge funds down 7.9%, according to PivotalPath’s equity sector index. But despite this swoon, equity TMT funds are still the top performers so far this year, up 17.7% year-to-date, according to PivotalPath data. Access the Full story in the link below:
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Hedge funds return to equities as risk appetite rebounds
Hedge funds are rebuilding equity exposure after sharply reducing risk in late July, with investors once again adding to long positions as the latest market rally gains momentum, according to a report by the Wall Street Journal citing a note from the prime brokerage division at Goldman Sachs. Global equities were net purchased by hedge […]
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Hedge funds forced out of tech stocks may leave the market at the mercy of retail traders
Preliminary data from hedge-fund analytics group Pivotal Path suggest an “unprecedented” 10% loss in July for technology, media and telecommunications, or TMT, equity sector hedge funds, the JPMorgan strategists said. Multistrategy funds suffered a 2.3% drop, their fourth-biggest in history, the data showed.
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Hedge Funds Take Big Hit in July After Bruising AI Selloff
A spate of well-known hedge funds reported steep losses in July as AI shares tumbled, most notably forcing the highly leveraged Situational Awareness to sell most of its stock portfolio at a deep discount to Ken Griffin’s Citadel. Situational Awareness plunged 67% last month, and the fund offloaded most of its public equities book to meet margin calls. Investor […]
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Why hedge funds are winning again – and where managers see the next opportunity
Hedge funds navigated rocky markets in a volatile first half of the year that featured the start of the Iran war and ensuing oil shock, concerns and optimism over artificial intelligence, and a new leader at the U.S. Federal Reserve. Hedge funds on average posted returns of 7.23% through the end of June, according to […]
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PivotalPath: Hedge Funds Post One of Their Best First Halves in Nearly Three Decades
Researchers have found that performance is far higher than people think once the data includes the largest institutional hedge funds. “Every single piece of research needs to be revisited.”
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Hedge Funds Shake Off Brutal March to Post Best Half Since 2021
The brutal March that battered some of the world’s biggest hedge funds is already fading into the background as the firms reported their strongest first-half results in five years. Many firms were buoyed by their tech-focused bets and rode the wave in chip stocks that notched their best quarter ever in recent weeks. Others minted […]
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Hedge Funds Are Split Over How to Trade This AI-Fueled Market
Even hedge funds are divided about whether to ride the artificial intelligence wave or position for a nasty stock-market correction. The majority of tech-focused stock-pickers are bullish. Over the past 12 months, the cohort had the highest exposure to the Nasdaq Composite Index since 1998 and double the historical average, according to hedge fund research […]
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AI Is Making Even Tech Hedge Funds Look Like the S&P 500
Researchers have found that performance is far higher than people think once the data includes the largest institutional hedge funds. “Every single piece of research needs to be revisited.”
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PivotalPath: The Dramatic Market Rebound in April Tested Quant Funds — But They Eked Out Gains
Researchers have found that performance is far higher than people think once the data includes the largest institutional hedge funds. “Every single piece of research needs to be revisited.”