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Hedge funds de-risk in July to close to record levels
Goldman Sachs Prime Brokerage report for July shows:Hedge funds have been de-risking in July at levels that are close to record levels for the past decade.The de-risking by hedge funds in July has been mainly attributed to short covering.Long/short hedge funds experienced nine consecutive days of negative returns before July 28, which is the longest streak since January 2017.Long/short hedge funds are expected to face the worst monthly alpha drawdown in July since May 2022.Goldman Sachs indicate...
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Posted: Jul 31 2023, 16:30
Author Name: forexlive
Views: 080836