Goldman’s Marcus Unit Offers 9-Month CD at 4.05% APY as Hedge Funds De-leverage
Marcus by Goldman Sachs is offering a 9-month CD at 4.05% APY, the highest rate after three Fed cuts in 2025. Goldman Sachs’s prime brokerage noted hedge funds cut US long-short leverage by 4.6 percentage points last week, the largest de-grossing since September driven by tech and consumer discretionary sell-offs.
1. Marcus by Goldman Sachs Raises CD Yield
Marcus by Goldman Sachs has raised its nine-month certificate of deposit to a 4.05% annual percentage yield, marking the highest rate available following three Federal Reserve rate cuts in 2025 and positioning the unit to attract deposit inflows.
2. Hedge Funds Decrease Leverage on GS Prime Brokerage
Goldman Sachs’s prime brokerage desk noted hedge funds cut US long-short gross leverage by 4.6 percentage points last week, the biggest reduction since September, driven by broad sell-offs in technology and consumer discretionary while gross tech allocation remains 20.6% of market value.