Hedge funds are rapidly closing short positions in US equities at a pace not seen since the market rebound following the March 2020 pandemic crash, according to a report by Reuters citing data from Goldman Sachs.
The bank’s prime brokerage division has reported a sharp acceleration in the covering of macro-related shorts – including major indexes and ETFs – following President Donald Trump’s announcement of a temporary ceasefire in the US-Iran conflict.
Hedge fund short exposure in these product...
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