Reporting by Nell Mackenzie; Editing by Dhara Ranasinghe
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By Nell Mackenzie
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 16, 2026. REUTERS/Jeenah Moon(Reuters) - Systematic hedge funds boughts stock at a record pace in the last five trading sessions, adding $86 billion of stock exposure, said a Goldman Sachs note published late Thursday and seen by Reuters on Friday shows.
Such hedge funds use algorithms to ride market trends until they peter out and use market signals rather than views on the economic aspects of the company stocks they trade.
World stocks held near record highs on Friday, set for their a third straight week of gains, as investors awaited a crucial weekend that could pave the way for a near-term resolution to the Middle East war.
Key points from the Goldman Sachs (GS.N) data:
Reporting by Nell Mackenzie; Editing by Dhara Ranasinghe