Timely rotations help hedge funds navigate summer volatility: Goldman Sachs
In its latest “Hedge Fund Trend Monitor” report published Tuesday, Goldman Sachs highlights how timely rotations by hedge funds have helped them successfully navigate recent bouts of market volatility.
These moves, according to Goldman Sachs, lowered the Hedge Fund Crowding Index and helped funds mitigate the impact of the subsequent volatility that arose from a rotation away from mega-caps, which later evolved into a sharp cyclical-led selloff in early August. In another timely shift in the second quarter, hedge funds halted a rotation toward cyclicals that had begun in mid-2022.
According to the note, this was the first time hedge funds lifted Financials to overweight since 2010.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
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