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Hedge funds accelerate tech selling as Goldman questions AI trade

Reported · Written up by our desk · Equity Funds

Hedge funds sold technology stocks at their fastest pace in two years last Thursday, raising questions over investor conviction following months of concentrated positioning and declining performance, according to a report by Bloomberg citing Goldman Sachs. Pasquariello, Goldman’s head of hedge fund coverage, said leveraged investors have been reducing both net and gross equity exposure for several weeks, with Thursday’s 2.9% decline in the Nasdaq 100 marking a particularly sharp unwind. Despite the S&P 500 trading within a narrow range for three months, hedge fund performance has deteriorated

Latest closeS&P 500 7,676.77 ▲0.7%|Nasdaq Comp. 26,169.38 ▲0.8%

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