Hedge funds dumped European stocks in June, reversing the buying trend seen in the previous month, according to Goldman Sachs Group Inc.’s prime brokerage desk.
The selling was driven by both long positions being unwound and short positions being added in roughly equal amounts, Goldman said. The moves came as European financial markets were jolted by the call for a snap election in France.
The data showed Europe suffered the biggest reduction in overweight positions among regions globally. Funds cut the most exposure to financial stocks, particularly banks, with net selling for that sector the largest since November 2021.
A rally in European stocks stalled last month, with French stocks posting their biggest monthly decline in two years amid political uncertainty. The benchmark Stoxx Europe 600 Index has drifted in the early days of July as investors await parliamentary elections in the UK and the second round of elections in France.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
