Written by Neil McKenzi
LONDON (Reuters) – The hedge funds came out of the shares of the United States for Technology and Media in two weeks to February 21 at the fastest pace in six months, according to Goldman Sachs (GS), just like NVIDIA (NVDA), one of the largest technology companies by market value, preparing to report About profits.
Near: February 21 at 4:00:01 pm EST
The NVIDIA profit report this week is seen as a group of prosperous artificial intelligence (AI). AI and Chipmaker graphics are the second most valuable companies in the world, with 6.3 % weight on S&P 500 (^GSPC), according to LSEG. Its shares have increased more than 550 % over the past two years.
At closing: Feb 21 at 4:53:01 pm EST
The speculators “strongly” held long and short positions in the equipment, media and communications associated with Amnesty International, according to a memorandum sent to Goldman Sachs agents on Friday.
A short position is expected to decrease the price of assets, while the long or upward position is expected to rise.
The note said that the hedge funds, which usually mix long and short bets in their commercial strategies, lost their money last week on the short bet, but they raised money on parts of their portfolios that carry long bets.
While the arrows of the weekend finished the week, the methodologists returned 0.36 % between February 14-20.
On Friday, American stocks fell in the wake of the dark economic reports. Some analysts and merchants said that the end of the options centers worth $ 2.7 trillion also added additional pressure.
Goldman Sachs said that the hedge funds also bought the shares of the advanced and emerging Asian company at the fastest pace in five months, as Asia is now the only region in the world where the balance of hedge funds is long and not short.
The note said: “China, Taiwan and Hong Kong are the most purchase markets in our main book (Public until now).”
The observation said that about 8 % of the hedge of the hedge of the hedge of the corporate shares in the advanced markets, while the net allocation of emerging markets in Asia is 13.3 %, out of the highest levels of both of them last year.
(RPORTOR M of Mall MACKENZEE