You are viewing a single comment's thread from:

RE: LeoThread 2025-03-08 11:18

in LeoFinance7 months ago

Hedge Funds Give up Half of 2025 Gains

Hedge fund stock pickers and multi-strategy funds gave up around half their average yearly gains in Thursday's tech-driven equity selloff, a note by Goldman Sachs showed.

Wall Street shares have been hit this week by a darkening U.S. economic outlook uncertainty over President Donald Trump's tariff policies, with the Nasdaq on Thursday confirming a correction since peaking in December.

Stock plunges were felt acutely in the parts of the markets where hedge funds held long bets such as on technology, media and telecommunications companies.

Global hedge funds were mostly long these stocks coming into this week, said a separate note from JPMorgan on Wednesday. A long position expects an asset value to rise whereas a short bet hopes it will decline.