GOLDMAN SACHS: Hedge funds have plunged into a ‘vicious downward cycle’ with the most popular stocks, and it’s a sign the meltdown is just getting started
|11/24/2018||Posted by BusinessMediaguide.Com under General World News||
- The average hedge fund is underperforming year-to-date, dragged by the sell-offs in popular tech companies, according to Goldman Sachs.
- Goldman’s analysis of funds’ third-quarter activity showed a continued rotation towards more defensive sectors of the market.
- Several strategists are advising investors to increase their cash levels heading into 2019.
Not even hedge funds have been able to escape the ongoing correction in the stock market.
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