Hedge funds flee techs stocks before tariffs take hold, says Goldman Sachs
Andreea Neblea
LONDON :Hedge funds last week ditched tech stocks at the fastest pace in six months and at the highest levels in five years, according to Goldman Sachs, as world markets tumbled on worries over U.S. President Donald Trump's April 2 tariff deadline. Import tariffs and retaliation by U.S. trade partners, along with government cutbacks under Trump have stoked fears in recent weeks that the U.S. economy might tip into recession. Hedge funds fled tech stocks last week, dropping long positions and
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