"Increasing Exposure Without Conviction": Complete Hedge Fund Flows, Technicals And Positioning Snapshot

Over the weekend, Goldman's Prime Brokerage published its latest must read Weekly Rundown note (available to pro subs), which found that US fundamental L/S net leverage remains remarkably muted at just 48.6% (5th %-ile) and the L/S ratio is 1.601 (3rd percentile); at the same time  gross exposure is increasing to 210% (71st %-ile).