Updated Aug 20, 2026
/Systematic funds post worst day since 2023 on momentum-driven selloff/Tim Walz blocks Minnesota mining permits near Boundary Waters, defying Trump energy law/UK Home Office nine-page guide tells asylum seekers rape is a crime and women need no male permission/Beam Global Posts 174% Sequential Revenue Jump, European Sales Near Half of Total/SHF Holdings amends retention plan, removes directors from incentive eligibility/Google wins Spirit Airlines workforce data at auction, drawing flight attendant alarm/Systematic funds post worst day since 2023 on momentum-driven selloff/Tim Walz blocks Minnesota mining permits near Boundary Waters, defying Trump energy law/UK Home Office nine-page guide tells asylum seekers rape is a crime and women need no male permission/Beam Global Posts 174% Sequential Revenue Jump, European Sales Near Half of Total/SHF Holdings amends retention plan, removes directors from incentive eligibility/Google wins Spirit Airlines workforce data at auction, drawing flight attendant alarm
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Systematic funds post worst day since 2023 on momentum-driven selloff

NEW YORK, Aug. 20. Systematic funds recorded their worst daily performance since 2023, reports showed, as a significant momentum-based market decline moved through markets. The session stands as the sharpest single-day loss for the strategy category in more than two years.

By Mara Whitfield2 min read
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NEW YORK, Aug. 20. Systematic funds recorded their worst daily performance since 2023, reports showed, as a significant momentum-based market decline moved through markets. The session stands as the sharpest single-day loss for the strategy category in more than two years.

The momentum-based character of the decline is central to the damage. Systematic funds are built to track and amplify prevailing trends. A sharp momentum reversal hits those strategies from both directions at once: positions built on the trend lose value while the speed of the move compresses the window to adjust.

No further details on the magnitude of the losses or the specific assets involved were available at the time of reporting.

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