Prime Services Weekly Report

The report highlights that fundamental L/S equity funds outperformed the broader market despite global equities seeing their largest net selling in three months. Notably, the TMT sector experienced record-level net selling over the past decade.

Key Takeaways

• 1.Fundamental L/S hedge funds outperformed the MSCI World TR index during the week, gaining +0.68% compared to the index's -1.66% decline.
• 2.Global equities experienced the largest percentage of net selling in three months, primarily driven by short and long sales in a 1.7 to 1 ratio.
• 3.The Information Technology and Communication Services sectors faced the highest level of net selling globally, marking the largest combined net selling in these sectors in over a decade.

Table of Contents

• Key Takeaways
• GS Equity Fundamental Long/Short Performance Estimate (Asset Weighted)
• GS Equity Systematic Long/Short Performance Estimate (Asset Weighted)
• Gross and Net Leverage
• Asia (DM + EM) saw the largest % net selling in 3 months
• Global TMT sectors (Info Tech + Comm Svcs) combined saw the largest % net selling in over 10 years
• Regional Flows and Weightings
• Sector Flows and Weightings
• Sources and Definitions
• Disclaimers

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