Weekly Hedge Fund Highlights

Hedge funds resumed buying global equities in early June, led by strong flows into Taiwan and China. Conversely, North American funds reduced exposure to the TMT, banking, and cyclical sectors.

Key Takeaways

• 1.Hedge funds flipped back to buyers of global equities in early June, with activity concentrated in APAC, specifically Taiwan and China.
• 2.In North America, hedge funds were net sellers of the broader TMT universe, particularly AI Tech beneficiaries and semiconductors, while increasing net sales of high-beta cyclicals and banks.
• 3.Net leverage across US long/short funds fell approximately 2% week-over-week to 54%, while gross leverage rose to 216%.

Table of Contents

• This Week's Highlights
• Weekly Flows: Global Summary
• Weekly Flows: Sector Flows Summary
• Regional Leverage: US, Europe, and Asia
• Performance Highlights: MTD & YTD HF Performance Estimates
• Crowding Performance: Top 50 Crowded Longs vs. Shorts
• N. America Daily Crowding Perf: Top 50 Crowded Longs vs. Shorts
• Important Information and Qualifications

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