HEDGE FLOW-Hedge funds U-Turn on tech; sell everything else – Goldman

Global hedge funds turned positive on U.S. technology stocks, piling into the sector in the week ending Jan. 18 at the fastest pace in two months, a Goldman Sachs note to clients showed. U.S. tech stocks began the year unloved by hedge funds and were the most net sold sector in the week to Jan. 6, as hedge funds shed these stocks in bulk, the bank had said previously. Hedge funds had their busiest trading week in the last five months, the note said.