Asian hedge fund managers favor growth over Bitcoin: Goldman Sachs survey

Asian hedge fund managers favor growth over Bitcoin: Goldman Sachs survey


Earlier this week, a Bank of America survey found that American hedge fund managers favor Bitcoin (BTC) over tech, but Goldman Sachs’ poll with the Asian chief investment officers tells a different story.

Goldman Sach Global Investment Research published a new survey polling 25 chief investment officers from different hedge funds. The results show that Bitcoin is the least favorite investment class for 35% of the participants.

“We held two CIO roundtable sessions earlier this week, which were attended by 25 CIOs from various long-only and hedge funds,” wrote Goldman Sachs strategist Timothy Moe, “Their most favorite is growth style but least favorite on Bitcoin.”

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Goldman Sachs Global Investment Research survey. Source: Bloomberg.

New initial public offerings or IPOs follow Bitcoin as the least favorite investment style with 25%.

On the other hand, more than half (55%) favor growth investing, which is to invest in companies that offer strong earnings growth. This is followed by value-style investing (30%), in other words, seeking out undervalued

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