Global Stock-Picking Funds Lose 2.9% in Week as AI Stocks Fall
Photo: TokenPost
The global fundamental long-short strategy declined 2.9% during the week ending Oct. 15, leaving it up 14.3% for 2026 as AI-linked equities weakened. Asia-focused stock pickers were down 6.8% in October's first half and had relinquished over half their gains after reaching a late-June high above 40% for the year. Funds in the strategy posted losses on each trading day during the week. The weekly figure covers global fundamental long-short funds, a stock-picking strategy, rather than every hedge fund approach. Inflation added to concerns about interest rates and whether large AI investments will generate returns soon enough.
Source: TokenPost
