Markets·October 23, 2026 at 2:17 AM EDT·1 source
Hedge Funds Log Widest Daily Drawdown Since Covid in Stock Rout
GS -1.8%
GS · last 30 trading days-3.2% since the news
News
What happened
- Global hedge funds suffered one of their broadest declines since the Covid pandemic during Thursday’s stock-market selloff, according to Goldman Sachs’s prime brokerage desk.
Why it matters
The drawdown highlights elevated market risk for hedge funds and could affect leverage, liquidity and credit conditions across trading portfolios.
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Timeline
- EarlierOct 19Indonesian Stocks Tumble to Lowest Since 2020 After MSCI Warning
- EarlierOct 21Goldman Sachs Says War Spurs Sevenfold Jump in Oil Freight Rates
- EarlierOct 22The AI Spending Profit Test, Blackstone's Gray sees "Parabolic" Demand
- EarlierOct 22SpaceX $40 billion debt deal gets pricey as AI fears spread
- First reported by BloombergOct 23Hedge Funds Log Widest Daily Drawdown Since Covid in Stock Rout
Sources (1)
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