POPA ReconHEDGE FUNDS DUMP TECH STOCKS AT FASTEST PACE IN A DECADE
HEDGE FUNDS DUMP TECH STOCKS AT FASTEST PACE IN A DECADE Goldman Sachs reports that hedge funds cut technology exposure at the fastest pace since at least 2016 during the five sessions ending October 15. The Nasdaq 100 plunged 5.5% last week, while semiconductor stocks suffered the largest dollar selling. Despite the selloff, tech still represents 23.5% of hedge fund portfolios, near historically elevated levels.
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