Hedge funds switch to buying banks, insurance and trading firms, says Goldman Sachs By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 16 2024
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Should l Buy ?
Source: Investing.com
Hedge Fund Activity: Hedge funds significantly increased their long positions in banks, insurance, and trading firms last week, marking the fastest buying pace since June 2023, while also selling off consumer finance and mortgage trust stocks.
Market Performance: Despite hedge funds selling global equities for the ninth consecutive week, stockpicking hedge funds achieved a slight weekly performance gain, with major indices like the S&P 500 and European stock index showing notable increases.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
