- Hedge funds are rapidly pulling back from global tech stocks, with the heaviest selling concentrated in the semiconductor sector, according to a note from Goldman Sachs. While tech stocks generally are volatile, several factors have put even more pressure on technology companies this year.
Hedge funds are reducing their exposure to global information technology stocks at an accelerated pace, with the latest selloff marking the fastest decline in six months, according to a note from Goldman Sachs’ Prime Services desk.
