STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy David Randall
The net leverage exposure to equities by hedge funds remains below the average over the last 5 years, while cash allocations held by mutual funds remains 50 basis points above their lows from December 2021, representing a potential $49 billion of equity demand, GS strategists wrote in a note on Monday.
The benchmark S&P 500 has gained more than 14% since the start of the year as signs of strength in the U.S. economy and falling inflation have quelled widely held fears of a recession in the second half of 2023.
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Goldman Sachs Plans to Undo Another Solomon Deal Chasing Mass MarketGoldman Sachs Group Inc. is exploring a sale of an investment-advisory business it bought four years ago, undoing another signature deal under Chief Executive Officer David Solomon’s ill-fated push to manage money for a broader set of customers.
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