Asia- and China-focused stock-picking hedge funds have suffered their worst monthly losses in two years, according to Goldman Sachs Group Inc, according to a report by Bloomberg.
The firm’s prime brokerage division is reported as saying ina note on client performance that funds focused on long-short stock strategies in China lost almost 14 per cent in the first two weeks of March, while their Asian-focused counterparts dropped 9.8 per.
Both losses represent the biggest 10-day falls since March 2020 and come on the back of concerns over fresh Covid outbreaks in China.
