Asian Hedge Funds Face Record 18.6% Monthly Drawdown

AI sell-off triggers historic monthly loss for Asian-focused hedge funds, erasing 21 points of YTD gains since late July peak.

Woofun AI data shows that hedge funds specializing in Asian equities are experiencing their largest single-month drawdown on record. Driven by a broad-based liquidation of artificial intelligence concept stocks, these funds have averaged an 18.6% decline this month as of July 28. This sharp reversal has wiped out 21 percentage points of year-to-date returns, which had peaked at 40% on July 22.