Goldman Sachs Prime Brokerage Report Says Hedge Funds De-Risk In July At Close To Record Levels For The Last Decade, Mostly Driven By Short Covering; Long/Short Hedge Funds Experienced Nine Consecutive Days Of Negative Returns Prior To 7/28
Portfolio Pulse from Happy Mohamed
Goldman Sachs' Prime Brokerage report indicates that hedge funds de-risked in July at nearly record levels for the past decade, primarily due to short covering. Long/short hedge funds saw nine consecutive days of negative returns before July 28.
July 31, 2023 | 4:23 pm
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NEUTRAL IMPACT
Goldman Sachs' report on hedge fund de-risking could potentially impact investor sentiment towards the firm.
The report from Goldman Sachs is a significant piece of analysis, but it's unclear how it will directly impact the company's stock in the short term. It could potentially affect investor sentiment, but the direction of the impact is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
The de-risking of hedge funds, as reported by Goldman Sachs, could potentially impact the SPY ETF, which tracks the S&P 500.
The de-risking of hedge funds could lead to a decrease in market volatility, which could potentially impact the SPY ETF. However, the extent of the impact is uncertain and would depend on the scale of the de-risking and other market factors.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 60