Hedge funds face worst monthly drawdown in over four years, Goldman Sachs tells clients

Goldman Sachs reported that global hedge funds suffered their worst monthly drawdowns since January 2022 as market volatility driven by the Iran war battered stocks. The client note says the geopolitical shock produced a broad risk-off move that materially weighed on performance of the world's largest money managers.

Analysis

Goldman Sachs reported that global hedge funds suffered their worst monthly drawdowns since January 2022 as market volatility driven by the Iran war battered stocks. The client note says the geopolitical shock produced a broad risk-off move that materially weighed on performance of the world's largest money managers.