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The Chief In Enterprise Knowledge Protection

As a end result, their technology publicity relative to the S&P 500 dropped to the lowest ever recorded by the bank. The specter of higher borrowing prices prompted traders to rethink their long-held affection for tech corporations. The rush for the exits created hassle for hedge funds whose concentrated bets on speculative software Network were still elevated even after unwinding a few of those positions late last year. On Tuesday, Goldman’s long-short fund clients suffered their worst alpha drawdown, or below-market returns, in a yr.

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