Goldman Sachs Acquires Innovator, Adds $31B in Defined Outcome ETFs; Hedge Funds Dump Stocks Fastest in 13 Years
Goldman Sachs acquired Innovator Capital, adding $31 billion and 171 defined outcome ETFs, expanding its ETF platform to 240 funds with $90 billion. GS data shows hedge funds sold global stocks in March at the fastest pace in 13 years, pushing the MSCI All-Country World Index down 7.4%.
1. Acquisition of Innovator Capital Management
Goldman Sachs finalized its purchase of Innovator Capital Management, acquiring approximately $31 billion in assets and 171 defined outcome ETFs. This raises its ETF offerings to 240 funds managing $90 billion, positioning the firm among the top 10 global active ETF providers and strengthening its defined outcome market presence.
2. Hedge Funds Sell Global Equities at Fastest Pace in 13 Years
Goldman Sachs data indicates hedge funds sold global stocks in March at the fastest pace since 2011, contributing to a 7.4% decline in the MSCI All-Country World Index and a 5.1% drop in the S&P 500. Short positions in US-listed ETFs rose 17%, while funds rotated into consumer staples and covered shorts in technology, signaling defensive repositioning.