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Goldman Sachs said that Hedging funds are shifting their positions to Close Position in Asia
On March 13, according to data from Golden Ten, Goldman Sachs stated in a report to clients on Wednesday that after Hedge funds exited positions in the United States and Europe last Friday, they began Hedging and bearish bets in Asia on Monday. The positions of Hedge funds in the region saw the largest drop in four years on Monday, but did not specify the type of assets. The report added that about 75% of the reduction occurred in developed markets led by Japan, where Hedge funds in these markets covered short positions and sold long positions.