According to Goldman Sachs ' Hedge Fund Trend Monitor report, hedge funds rotated away from growth stocks, reduced leverage, and increased their tilt towards the Industrial, Material, and Energy sectors in the first quarter of 2021.
Q1 2021 hedge fund letters, conferences and more
The report analyses the holdings of 807 different hedge funds worldwide, with cumulative gross equity exposure of $2.7 trillion ($1.8 trillion long and $876 billion short).
The first quarter of 2020 was a difficult period for hedge funds. Goldman's Hedge Fund VIP basket, a basket of the most loved hedge fund stocks, has lagged the S&P 500 by 660 basis points in 2021. Following a short squeeze in January, the most concentrated short positions have also...
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