Hedge funds dumped European stocks in June, reversing the buying trend seen in the previous month, according to Goldman Sachs Group Inc.’s prime brokerage desk.
The selling was driven by both long positions being unwound and short positions being added in roughly equal amounts, Goldman said. The moves came as European financial markets were jolted by the call for a snap election in France.
The data showed Europe suffered the biggest reduction in overweight positions among regions globally. Funds cut the most exposure to financial stocks, particularly banks, with net selling for that sector the largest since November 2021.
A rally in European stocks stalled last month, with French stocks posting their biggest monthly decline in two years amid political uncertainty. The benchmark Stoxx Europe 600 Index has drifted in the early days of July as investors await parliamentary elections in the UK and the second round of elections in France.
Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.
Two C-level leaders reveal the new time-saving tools they've implemented and what advisors are doing with their newly freed-up hours.
The RIA led by Merrill Lynch veteran John Thiel is helping its advisors take part in the growing trend toward fee-based annuities.
Driven by robust transaction activity amid market turbulence and increased focus on billion-dollar plus targets, Echelon Partners expects another all-time high in 2025.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
