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Hedge Funds Reduce Stock Holdings

Washington Post – Hedge funds cut stock holdings by almost two-thirds from a year ago, signaling that they are less willing to take risks amid tighter credit and almost $1 trillion in write-downs and losses, Goldman Sachs Group said.

Net holdings of equities decreased to 17 percent from 47 percent a year ago, David Kostin, who leads Goldman’s New York-based portfolio strategy team, wrote in a note.

"Hedge funds may have returned closer to their roots as ‘hedged’ investors, less dependent on market direction to produce returns, migrated away from the levered long strategies that many funds pursued during the upward-trending market of 2002 to 2006," Kostin said.

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Hedge Funds Reduce Stock Holdings

Washington Post – Hedge funds cut stock holdings by almost two-thirds from a year ago, signaling that they are less willing to take risks amid tighter credit and almost $1 trillion in write-downs and losses, Goldman Sachs Group said.

Net holdings of equities decreased to 17 percent from 47 percent a year ago, David Kostin, who leads Goldman’s New York-based portfolio strategy team, wrote in a note.

"Hedge funds may have returned closer to their roots as ‘hedged’ investors, less dependent on market direction to produce returns, migrated away from the levered long strategies that many funds pursued during the upward-trending market of 2002 to 2006," Kostin said.

Read Complete Article

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About the HedgeCo News Team

The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis. Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated and tagged , , , , , , , , , , , , . Bookmark the permalink.

Comments are closed.