Hedge Funds Increase Short Bets Against Financial Stocks
Goldman Sachs reports that hedge funds sold bank and insurance shares last week. The sector is now the most sold this year amid rising private credit concerns.
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Global hedge funds have pivoted sharply against the financial sector, making it the most aggressively sold industry group of the year. According to a research note from The Goldman Sachs Group, Inc., investment managers ramped up short positions in banks, insurance providers, and fintech companies during the week concluding March 13.
