Hedge funds reap June gains by piling into short bets but lose on oil, sources say

Goldman Sachs client note cited by Reuters says hedge funds trading stocks have notched double-digit returns for the year so far as of June, aided by their ability to manage crowded trades. The update is supportive for positioning/sentiment but is unlikely to be a major market-wide catalyst.

Analysis

Goldman Sachs client note cited by Reuters says hedge funds trading stocks have notched double-digit returns for the year so far as of June, aided by their ability to manage crowded trades. The update is supportive for positioning/sentiment but is unlikely to be a major market-wide catalyst.