The post Hedge Funds Increased Equity Buying Before Sharp U.S. Market Selloff appeared first on Coinpedia Fintech News
Hedge funds bought global equities at the fastest pace in four months through June 4, according to Goldman Sachs Prime desk data. North America and Asian emerging markets led inflows, while consumer discretionary stocks recorded a fifth consecutive week of net buying. Days later, U.S. markets fell sharply, with the Nasdaq dropping 4.2%, the S&P …