Goldman Sees Quants With $200 Billion Nearly Maxed Out on Stocks
- Volatility-targeting funds are near maximum equity allocations
- Systematic players fueled both the pandemic rout and rebound
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A $200 billion breed of systematic investor that helped fuel last year’s market mayhem is now a whisker away from “maximum allocation” to stocks in the latest sign of Wall Street euphoria.
According to Goldman Sachs Group Inc., volatility-targeting quants who buy and sell subject to how much equity prices swing around are all but fully invested in the record-breaking rally.