Hedge funds suffered a 10% loss in October, according to Goldman Sachs’ index of their most popular positions. The difficult month was marked by weakening confidence in the sustainability of the artificial-intelligence boom and by turmoil in the French bond market. Losses accelerated on Thursday, with systematic and trend-following funds down 1.2%, fundamental strategies down 1.1%, and multi-strategy funds down 1.4%. In an attempt to reverse their difficult situation, hedge funds are now taking short positions in U.S. stocks.
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