Goldman Says Hedge Funds Back Betting Big on Megacap Tech Stocks
Updated: 24 Aug 2022, 11:12 AM IST
TL;DR.Hedge funds ramped up bets on megacap US tech stocks and whittled down overall holdings to concentrate on favored names last quarter, with conviction growing to levels last seen before the pandemic, according to Goldman Sachs Group Inc.
FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo