Hedge-fund titan John Overdeck is engaged in a divorce trial that could produce one of the largest settlements in history. Here’s four financial lessons to take away from the saga.
HEDGE FUNDS DUMP TECH STOCKS AT FASTEST PACE IN A DECADE
Goldman Sachs reports that hedge funds cut technology exposure at the fastest pace since at least 2016 during the five sessions ending October 15.
The Nasdaq 100 plunged 5.5% last week, while semiconductor stocks suffered the largest dollar selling.
Despite the selloff, tech still represents 23.5% of hedge fund portfolios, near historically elevated levels.