高盛称7月份对冲基金相对标普500指数表现创下20多年来最差跑输纪录

环球市场播报

Aug 21

　　高盛称，随着7月份人工智能板块热度消退，对冲基金遭遇历史性困境。

　　以本・斯奈德为首的高盛策略师在一份报告中表示：“我们汇集最热门多头持仓的对冲基金 VIP 榜单，创下了20 多年来相对标普500指数最差的单月跑输记录，7 月也成为过去十年对冲基金降杠杆力度最大的时期之一。” 报告补充道：“各家基金削减了多只 AI 相关股票的持仓，其中包括大量半导体个股以及绝大多数大型科技龙头股。”

　　高盛表示，尽管上个季度对冲基金 “全力押注人工智能”，投资组合换手率创下 2021 年以来新高，但如今对冲基金已开始从 AI 板块分散配置。

　　高盛称：“过去数月，对冲基金的业绩、杠杆水平以及最受追捧的多头头寸，都随着 AI 交易行情出现剧烈波动。”

　　高盛指出，受热门AI个股带动，市场行情火热，对冲基金在第二季度斩获丰厚收益，同时对冲基金持仓拥挤程度也攀升至历史高位。报告提到，上季度，在对冲基金增持幅度最大的 20 只所谓 “新星股票” 当中，科技股占了 14 只。

　　不过高盛表示，尽管对冲基金的总杠杆、净杠杆以及 AI 板块敞口均已从第二季度高点回落，但仍高于长期均值。

　　“尽管市场波动剧烈，美国股票多/空对冲基金到8月中旬的回报率仍达到10%。”

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href=\"https://laohu8.com/S/GS\">高盛</a></span><span></span>称，随着7月份人工智能板块热度消退，对冲基金遭遇历史性困境。</p>\n<p>　　以本・斯奈德为首的高盛策略师在一份报告中表示：“我们汇集最热门多头持仓的对冲基金 VIP 榜单，创下了20 多年来相对<a href=\"https://laohu8.com/S/161125\">标普500</a>指数最差的单月跑输记录，7 月也成为过去十年对冲基金降杠杆力度最大的时期之一。” 报告补充道：“各家基金削减了多只 AI 相关股票的持仓，其中包括大量半导体个股以及绝大多数大型科技龙头股。”</p>\n<p>　　高盛表示，尽管上个季度对冲基金 “全力押注人工智能”，投资组合换手率创下 2021 年以来新高，但如今对冲基金已开始从 AI 板块分散配置。</p>\n<p>　　高盛称：“过去数月，对冲基金的业绩、杠杆水平以及最受追捧的多头头寸，都随着 AI 交易行情出现剧烈波动。”</p>\n<p>　　高盛指出，受热门AI个股带动，市场行情火热，对冲基金在第二季度斩获丰厚收益，同时对冲基金持仓拥挤程度也攀升至历史高位。报告提到，上季度，在对冲基金增持幅度最大的 20 只所谓 “新星股票” 当中，科技股占了 14 只。</p>\n<p>　　不过高盛表示，尽管对冲基金的总杠杆、净杠杆以及 AI 板块敞口均已从第二季度高点回落，但仍高于长期均值。</p>\n<p>　　“尽管市场波动剧烈，美国股票多/空对冲基金到8月中旬的回报率仍达到10%。”</p>\n</div></body></html>","source":"sina","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" 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多年来相对标普500指数最差的单月跑输记录，7 月也成为过去十年对冲基金降杠杆力度最大的时期之一。” 报告补充道：“各家基金削减了多只 AI 相关股票的持仓，其中包括大量半导体个股以及绝大多数大型科技龙头股。”\n　　高盛...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2026-08-21/doc-inipaent8178231.shtml\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SCHK","symbol_name":"Schwab 1000 Index ETF","start_time":0,"source_url":"https://finance.sina.com.cn/stock/usstock/c/2026-08-21/doc-inipaent8178231.shtml","article_id":"2661257389","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2661257389","pubTimestamp":1787293020,"columns":[],"sourceInfo":{"source_id":"sina","name":"sina"},"weMediaInfo":null,"summary":"高盛称，随着7月份人工智能板块热度消退，对冲基金遭遇历史性困境。以本斯奈德为首的高盛策略师在一份报告中表示：“我们汇集最热门多头持仓的对冲基金 VIP 榜单，创下了20 多年来相对标普500指数最差的单月跑输记录，7 月也成为过去十年对冲基金降杠杆力度最大的时期之一。”高盛表示，尽管上个季度对冲基金 “全力押注人工智能”，投资组合换手率创下 2021 年以来新高，但如今对冲基金已开始从 AI 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板块分散配置。\n　　高盛称：“过去数月，对冲基金的业绩、杠杆水平以及最受追捧的多头头寸，都随着 AI 交易行情出现剧烈波动。”\n　　高盛指出，受热门AI个股带动，市场行情火热，对冲基金在第二季度斩获丰厚收益，同时对冲基金持仓拥挤程度也攀升至历史高位。报告提到，上季度，在对冲基金增持幅度最大的 20 只所谓 “新星股票” 当中，科技股占了 14 只。\n　　不过高盛表示，尽管对冲基金的总杠杆、净杠杆以及 AI 板块敞口均已从第二季度高点回落，但仍高于长期均值。\n　　“尽管市场波动剧烈，美国股票多/空对冲基金到8月中旬的回报率仍达到10%。”","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}