NEW YORK (Reuters) -Hedge funds across the world on Thursday sold global equities on a net basis at largest 1-day amount since 2010 amid a market meltdown, Goldman Sachs said in a note to clients on Friday. The bank said portfolio managers mainly added bets against stocks on Thursday, although they also ditched long positions. […]
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Hedge funds sell largest amount of stocks since 2010, Goldman Sachs says
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NEW YORK (Reuters) -Hedge funds across the world on Thursday sold global equities on a net basis at largest 1-day amount since 2010 amid a market meltdown, Goldman Sachs said in a note to clients on Friday.
The bank said portfolio managers mainly added bets against stocks on Thursday, although they also ditched long positions.
(Reporting by Carolina Mandl, in New York, Editing by Franklin Paul)