Hedge funds, banks, insurance stocks, etc. continue to sell off, according to Goldman Sachs.
September 3, 2024, 9:44 AM GMT+9 (excerpt)
According to Goldman Sachs, hedge funds worldwide continue to hold onto the sale of bank stocks and financial stocks.
According to a report by Goldman Sachs obtained by Reuters, the bank's prime brokerage department saw consecutive sell-offs from banks, insurance companies, listed real estate investment trusts, and capital market companies in the week leading up to August 30th.
The sell-off in the financial sector was the largest, with the sector experiencing sell-offs in 6 out of the past 7 weeks.
Hedge funds also made small buy overs in the consumer finance sector.
According to a report by Goldman Sachs obtained by Reuters, the bank's prime brokerage department saw consecutive sell-offs from banks, insurance companies, listed real estate investment trusts, and capital market companies in the week leading up to August 30th.
The sell-off in the financial sector was the largest, with the sector experiencing sell-offs in 6 out of the past 7 weeks.
Hedge funds also made small buy overs in the consumer finance sector.
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