CNBC Pro

Hedge funds are taking a hit by exposure to U.S.-listed China stocks, Goldman says

A trader works at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 19, 2021.
Andrew Kelly | Reuters

Chinese ADRs, once hedge funds' growth darlings, have become a big drag on the industry's performance due to a massive sell-off in these names amid a crackdown from Beijing.

More In Pro Insight

A tech rebound may be needed for a full market recovery. These are the stocks that could lead
CNBC ProA tech rebound may be needed for a full market recovery. These are the stocks that could lead
The November jobs report and the Fed matter most to markets in the week ahead
CNBC ProThe November jobs report and the Fed matter most to markets in the week ahead
Asset manager names a UK sector that's now turned 'toxic,' revealing two stocks to bet against
CNBC ProAsset manager names a UK sector that's now turned 'toxic,' revealing two stocks to bet against