Hedge Funds Dramatically Reduce Stock Risks - Tech Stocks Last Week Turbulent
2024/7/23 2:26 JST (some excerpts)
Hedge funds sold “winners” at the fastest pace since the meme stock boom in January 2021 while giant technology companies were being hit by the stock market last week.
According to Goldman Sachs Group's Prime Broker Desk, “both long and short risks were actively resolved” during the week ending July 19. Last week, the S&P 500 stock price index recorded a sharp weekly decline since April. The trend since May of funds relinquishing stocks in order to increase cash ahead of the US presidential election has continued.
Hedge funds sold “winners” at the fastest pace since the meme stock boom in January 2021 while giant technology companies were being hit by the stock market last week.
According to Goldman Sachs Group's Prime Broker Desk, “both long and short risks were actively resolved” during the week ending July 19. Last week, the S&P 500 stock price index recorded a sharp weekly decline since April. The trend since May of funds relinquishing stocks in order to increase cash ahead of the US presidential election has continued.
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