Hedge Fund Bets on US Stocks Are Most Crowded Ever, Goldman Says
- Average fund has 70% of long portfolio in its top 10 positions
- Hedge funds are riding tech stock momentum, Goldman says
This article is for subscribers only.
Hedge funds are holding their most concentrated wagers on US equities than anytime in the past 22 years, according to data from Goldman Sachs Group Inc.
An index created by the investment bank to track crowding across hedge funds has reached a record high, according to a report published on Monday, which said the average fund holds 70% of its long portfolio in its top 10 positions.