Hedge funds bought global equities at the fastest pace in four months through June 4, according to Goldman Sachs Prime desk data. North America and Asian emerging markets led inflows, while consumer discretionary stocks recorded a fifth consecutive week of net buying. Days later, U.S. markets fell sharply, with the Nasdaq dropping 4.2%, the S&P 500 declining 2.6%, and the Dow losing 1.4%. The positioning highlights how investors were adding risk exposure shortly before the selloff. Markets will now be watched for signs of further repositioning by hedge funds.
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