Exponential Learning
Hedge Funds Are Getting Crushed: Is Extreme Positioning a Contrarian Indicator?
9:37
Goldman Sachs prime brokerage data shows the fastest hedge fund technology de-grossing in records back to 2016, U.S. fundamental long-short net leverage at the 0th percentile of five years (about 43.7%), and technology still 23.5% of the global prime book - the 90th percentile. The episode separates net from gross leverage, forced selling from informed selling, and tests the contrarian case…