Our point of view on macro perspectives remains the same as it was for the previous weeks.
At this stage, we would further diminish the net exposure to equities by reducing the allocation to long short funds that have a long bias. These are typically replaced with more market neutral funds or systematic ones. If the market rebounds, we see an opportunity to add some more shorts because we think there is little durability in such renound at this stage. For example, a tracker short on banks was purchased during the rebounds on Wednesday 10 February in the GSF.
Latest posts by Investment Committee (see all)
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