Hedge funds sell global stocks at fastest pace in 13 years

-Hedge funds were net buyers of technology, media and telecom stocks, driven by short covering instead of taking on long positions.

-Hedge funds rotated, buying long positions in consumer staples at the fastest pace since July 2025.

-March marked the second-fastest pace of selling since Goldman began collecting data in 2011.

-Short positions in large-cap equity ETFs rose 17%.

-Bloomberg