(Barrons) Who needs diversification when you can dedicate massive chunks of your portfolio to just a few large positions? The average hedge fund had parked 68% of its “long” assets in Top 10 positions at the end of last year, the highest on record, says David Kostin, head U.S. stock strategist at Goldman Sachs. He pulls that figure from a plethora recent 13F disclosures, which show holdings of large investors with a 45-day lag.
Hedge Fund Stock Bets Were Most Concentrated on Ever Heading Into 2016
This entry was posted in Syndicated. Bookmark the permalink.