According to data from Goldman Sachs's brokerage business division, after the stock market sell-off on Thursday, global hedge funds experienced one of the biggest declines since the COVID-19 pandemic. Global fundamental long and short strategy funds closed down 1.4% on Thursday, while communications, media and technology-themed funds fell by an average of 2.7%. The brokerage department said that more than two-thirds of the hedge funds closed down on the same day, and concentrated bears were further pushed out at the end of the session.

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