Hedge funds last week jettisoned global stocks and added bets they would decline, said Goldman Sachs, just before U.S. President Trump announced tariffs that sent global markets tumbling. Global shares slid on Monday after U.S. President Donald Trump announced sweeping tariffs on Canada, Mexico and China at the weekend, kicking off a trade war that could curb economic growth internationally. Hedge funds in the week to Friday sold their stock holdings in every geographical region apart from developed markets in Asia, a Goldman Sachs note published Friday and seen by Reuters on Monday showed.Read More
Global hedge funds dump everything but real estate stocks, says Goldman Sachs
