SPY News: Timely rotations help hedge funds navigate summer volatility: Goldman Sachs - 21st Aug 2024, 6:27pm

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In its latest “Hedge Fund Trend Monitor” report published Tuesday, Goldman Sachs highlights how timely rotations by hedge funds have helped them successfully navigate recent bouts of market volatility.

During the first half of 2024, hedge funds made significant positioning adjustments, particularly in the "Magnificent" mega-cap stocks, trimming their exposure even as these stocks continued to outperform. Notably, Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) were exceptions, with hedge...

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