Hedge funds suffer worst day since August as AI stock selloff deepens

Hedge funds recorded their worst single-day performance since August as a deepening selloff in AI-related stocks hit portfolios. The article frames this as evidence of hedge funds' vulnerability to macroeconomic shifts, which could force managers to rethink investment strategies globally. For crypto traders, the read-through is risk-off: broad equity deleveraging often spills into digital assets, though no specific crypto figures or tickers are cited.