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Hedge Funds Sell Tech at Near-Record Pace as AI Trade Faces Reassessment

Technology was the most net-sold sector globally and in the United States. U.S. fundamental long-short funds cut gross leverage by 8.7 percentage points to 207.5%.
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Technology was the most net-sold sector globally and in the United States. U.S. fundamental long-short funds cut gross leverage by 8.7 percentage points to 207.5%.