Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023.
REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Sept 25 (Reuters) - Hedge funds increased their bearish bets mainly on U.S. stocks last week when the major stock indexes plunged, Goldman Sachs (GS.N) showed in a report.
The bank said its clients mostly added short positions while also getting rid of long positions.
Hedge funds added short positions mainly in so-called macro products, including equity index and exchanged-traded funds, the bank said.
Goldman Sachs also said hedge fund managers decided to unwind risk last week, mostly by selling long equity positions.
Persons:
Brendan McDermid, Goldman Sachs, Goldman, Carolina Mandl, Richard Chang
Organizations:
New York Stock Exchange, REUTERS, Nasdaq, The Bank of Japan, Carolina, Thomson
Locations:
New York City, U.S, Japan, New York