From TokenPost · · 50s
Goldman Cuts Tech Positions by Largest Percentage in Records
Goldman Sachs clients slashed tech holdings by largest percentage since 2016, keeping high exposure.
In brief
Goldman Sachs clients slashed tech holdings by largest percentage since 2016, keeping high exposure. Goldman Sachs hedge fund clients reduced technology positions by the largest percentage in records dating to 2016, maintaining high sector exposure. Originally reported by TokenPost.
Goldman Clients Cut Tech Positions
Hedge funds using Goldman Sachs’s prime brokerage made their largest percentage cut to technology positions in records dating to 2016 over five trading sessions through Oct. 15.
Technology Holds 23.5% Net Allocation
Technology held a 23.5% net allocation in Goldman’s global prime brokerage book after the retreat, placing it at the 90th percentile of its five-year history.
Net Leverage Falls to 48.6%
Hedge fund net leverage fell to 48.6%, its lowest level in a year, as the repositioning overlapped with a 5.5% decline in the Nasdaq-100 for the week ended Oct. 16.
What to remember
Goldman Sachs hedge fund clients reduced technology positions by the largest percentage in records dating to 2016, maintaining high sector exposure.
