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Hedge Funds De-Grossing Hits 8% | MS
_/ This marks one of the most aggressive risk-reduction and de-grossing events in at least ten years (since 2016).
_/ In addition, TMT-focused HFs lost ~12% in October with losses concentrated in crowded Tech names per GS.
https://x.com/ackmeni/status/2116859509381714429?s=20