Recent data from Goldman Sachs indicates a shift in hedge fund and mutual fund positioning towards cyclicals and AI beneficiaries.
Analyzing $6.1 trillion in equity positions, Goldman Sachs' reports reveal a notable increase in equity exposure for both hedge funds and mutual funds at the beginning of Q1 2024.
"Hedge funds and mutual funds have boosted exposures to equities this year," Goldman Sachs notes, with hedge fund net leverage nearing its highest level over the past year and mutual fund cash balances dropping to record lows.
