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Hedge funds increase short bets as momentum trade falters
Hedge funds are increasing short positions and shifting towards fundamental stock selection as the technology-led momentum trade loses steam, forcing managers to identify individual winners and losers rather than rely on broad market gains, according to a report by Business Insider. An October report from Goldman Sachs' prime brokerage division found that hedge fund short positioning was approaching a five-year high, reflecting growing demand for downside protection amid heightened market volatility. Bayberry Capital founder Angela Aldrich is reportedly launching a dedicated short-only strateg