October has been tough for hedge funds due to volatility in AI stocks, U.S. Treasury bonds, and French government debt. Goldman Sachs reports that hedge funds suffered around a 10% loss this month, with systematic, fundamental, and multi-strategy funds all declining over 1% in a single day. In response, many hedge funds are shorting U.S. stocks to try to recover losses amid ongoing market uncertainty. This trend highlights the challenges hedge funds face navigating current market instability.
Hedge funds' struggles in October are underscored by a broad market context from Pluang's Financials sector data. For readers following U.S. financial stocks, here is Pluang's market snapshot as of Oct 23, 2026 19:12 WIB: out of 142 priced Financials-sector US stocks, 38 rose and 96 fell. Notable movers include Barclays PLC (BCS) at USD 21.66 with a 1-day change of -1.59% and 100% buy order activity, American Express Co (AXP) at USD 319.87 down 1.58% with 97% sell order activity, and Affirm Holdings Inc (AFRM) at USD 71.29 down 1.53%, with a typical hold time of 21 days on Pluang.
FS Bancorp, Inc. has appointed Matthew D. Mullet as a director on the boards of both the company and its bank, 1st Security Bank of Washington, effective October 22, 2026. Mullet, who has been President since 2024 and CEO since 2025-2026, brings exte...
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