Global equity markets have extended gains following easing geopolitical tensions, with analysts pointing to an additional driver behind the rally: forced short covering by hedge funds after a period of aggressive de-risking, according to a report by Bloomberg citing data from Goldman Sachs.
The report cites figures from the bank’s prime brokerage division as showing that hedge funds increased short positioning sharply in March, with short sales significantly outpacing long buying activity. The m...
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