Daily Market Updates: Hedge funds slash tech exposure at fastest pace in a decade

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Hedge funds slash tech exposure at fastest pace in a decade

Reported · Written up by our desk · Equity Funds

Hedge funds cut their exposure to technology stocks at the fastest pace in at least a decade last week as a global selloff in AI-linked equities triggered widespread position reductions, according to a report by Bloomberg citing Goldman Sachs prime brokerage data. During the five trading sessions to 15 October, hedge funds reduced technology positions by the largest proportion since Goldman's records began in 2016, while gross trading activity declined at its fastest pace in nearly three months. The selling coincided with a sharp reversal in the AI trade, with the Nasdaq 100 falling 5.5% over

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HedgeweekHedge funds slash tech exposure at fastest pace in a decade

ETFs & Funds

Hedge funds slash tech exposure at fastest pace in a decade

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