How The U.S. Treasury just crushed 80 hedge funds

The following list, according to Goldman Sachs, shows 50 stocks that most frequently appear among the largest 10 holdings of hedge funds. Spot the top one.

After today’s absolutely slaughter of Allergan, we expect the Goldman Hedge Fund VIP basket, whose constituents this table shows, to be absolutely obliterated.

And just like that, the US Treasury singlehandedly crushed the second quarter, and perhaps the year, for at least 80 (and as much as 107) hedge funds, which likely means more redemptions to come, more illiquidity, an even more volatile market in the months to come, and obviously, even more central bank intervention to offset it all.

Originally published by Tyler Durden on Zerohedge.