Hedge Funds Sell Tech Stocks ‘Aggressively,’ Goldman Says

Net selling of tech in June on track to be worst on record Prime brokerage desk sees growing signs of equity degrossing In a month when Nvidia Corp. briefly became the world’s largest company, hedge funds were “aggressively” selling tech stocks, according to analysis...

Biden Win Could Disrupt Markets More Than Trump, Tooze Says

Uncertain how Republicans may react to possible second defeat Chinese premier warned of negative consequences of decoupling America’s deep partisan divide threatens to inject uncertainty into markets even if Joe Biden wins a second term, according to economic...

Indonesia’s Bonds Hit Hardest in Asia Amid State Debt Risks

Perusahaan Listrik Negara notes among biggest losers in Asia Next government mulls lifting debt ratio to two-decade high Indonesian state-run power utility’s dollar bonds have suffered the most in Asia over the past two weeks due to rising concerns about the nation’s...

Real Estate Bets Gone Wrong Roil $1.24 Trillion Canadian Funds

Pensions are now retooling property divisions after losses Funds are dealing with challenges at some office properties Almost no major Canadian pension manager has been spared. The largest fund, Canada Pension Plan Investment Board, lost 5% on its property portfolio...

Hedge Funds’ Bullish Copper Bets Run Into China’s Slowdown

Copper surged to a record on a wave of hedge fund money. Now the big question for bulls is when China’s buyers will return. As copper surged to record highs last month, several senior Chinese traders started trying to contact western hedge fund managers whose names...