Hedge funds using computers to sell up to $30 billion of stocks soon

LONDON, Oct 2 (Reuters) - Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in...

LONDON, Oct 2 - Hedge funds using computers to trade equities are expecting to start selling to the tune of $20 billion to $30 billion in the next two weeks given retreating stock markets, a UBS note seen by Reuters shows.

Hedge funds using algorithms to follow market trends have turned neutral from bullish on stocks, the UBS note said. The bank anticipates as much as $30 billion of outflows will soon hit markets, potentially exacerbating the downward move in shares, as these hedge funds start selling stock...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

AllSidesNow /  🏆 572. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exclusive: Mexico's Pemex, Vitol reach graft settlement worth more than $30 million -documents, sourcesMexican state energy company Pemex has received a settlement worth more than $30 million from Vitol, including a $23 million cash payment, over a graft scandal that halted deals with the Swiss-based trader, documents showed and sources with knowledge of the matter confirmed to Reuters.
Read more »

31 Cool & Random Things Under $30You deserve a little treat, and these practical problem-solvers and fun lil' buys will be just the ticket.
Read more »

Harris County jury duty pay has been increased from $20 to $30In a decision made by the Harris County Commissioners Court on Sept. 19, the compensation for the initial day of jury service has been increased from $20 to $30.
Read more »

The Stylish Work Pants You Need for Fall Are Just As Comfy As Sweatpants & Only $30Work-from-home comfort meets office-appropriate style.
Read more »

Just 38 Products Reviewers Say They’d Highly RecommendEverything in here is incredibly useful and under $30.
Read more »

Latin Music Week 2023: 5 Best Tips to Maximize Your Revenue in the Streaming EraThe 2023 Billboard Latin Music Week returned to Miami Beach on Oct. 2 to Oct. 6.
Read more »