Prime Services Weekly Report

Goldman Sachs reports that Fundamental L/S funds outperformed for the week ending May 7, 2026, amid record-high allocations to Asian markets and high overall book leverage.

Key Takeaways

• 1.GS Equity Fundamental L/S performance rose +2.48%, significantly outperforming the MSCI World TR which gained +1.75%.
• 2.Gross leverage in the overall book increased to 312.7%, reaching the 98th percentile for the 1-year lookback.
• 3.Allocations to Asia (DM + EM) reached record highs since 2016, driven by intense net buying particularly in China, Japan, and Korea.

Table of Contents

• Key Takeaways
• Gross and Net Leverage
• Asia (DM + EM) saw the largest % net buying in one month, driven almost entirely by long buys
• Global Financials was net bought in every major region and for the first time in 9 weeks
• Regional Flows and Weightings
• Sector Flows and Weightings
• Sources and Definitions
• Disclaimers

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