(Reuters) Hedge funds got back in to stocks in the technology, media and telecom (TMT) sector in August, in the most active buying since February 2021, according to a Goldman Sachs prime services report. Long buys in the so-called TMT sector outpaced short sales at a 6.5 to 1 ratio, the bank said in the note, underscoring that portfolio managers were more optimistic about the sector’s valuations.
Tech stocks lured hedge funds in August
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