Major Australian funds including those run by Regal Partners and Wilson Asset Management are nursing double-digit losses after a bruising October, extending a horror stretch of underperformance that threatens to accelerate the wave of outflows from active managers.
Those funds, and others managed by GQG Partners and Pengana Capital, have been hurt amid growing concerns about how an artificial intelligence boom will be financed, along with a toxic combination of stubborn inflation, rising interest rates and a housing downturn that has hit small-cap stocks.
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