HEDGE FLOW -Hedge funds pile into banks, insurance, consumer finance, Goldman Sachs says
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Hedge funds have significantly increased their investments in banks, insurance, and consumer finance, according to Goldman Sachs. This surge, the fastest in three months, is driven by anticipated deal-making and regulatory loosening. European banks have seen a 40% rise this year, while U.S. banks are up over 20%. Hedge funds raised their gross leverage levels, indicating increased trading activity. Financial companies were the second most purchased sector, following tech stocks, as analysts express optimism about the market's performance amid changing interest rates.
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