Hedge funds are piling into healthcare stocks at record pace, Goldman Sachs says

Business Insider Australia | May 22, 2020 at 4:39 PM
  • Hedge funds are reaching record levels of exposure to healthcare stocks as the coronavirus pandemic rages on, Goldman Sachs said Friday.
  • The sector sits 10 percentage points overweight across hedge funds compared to the Russell 3000 sector, the bank added, making it the most favoured industry among managers.
  • The heavy interest in growth over value stocks helped push Goldman’s Hedge Fund VIP basket to a record high in both absolute terms and relative to the S&P 500.