Quants, Multi-Strat Funds Crushed In Worst Day Since COVID Selloff

The brutal rotations below the market surface, which first hit software now down 8 days in a row, and then spilling over to semi, are finally spilling over into the broad market. As Goldman's Prime Brokerage desk writes today (note available to pro subs), both hedge and systematic funds are having a very ugly day which, if left unchecked, could lead to painful degrossing. Here are the details: 

HF Performance: Broad-based