The hedge fund industry is trying to get rid of its biggest problem

The hedge fund industry has a crowding problem.
There are, it seems, too many hedge funds making too many of the same bets.
As a result, hedge fund performance has lagged relative to broad stock indexes.
But according to Goldman Sachs' latest hedge fund trend report, funds spent the second quarter of the year trying to undo at least some of this crowding that, it seems, has led to stagnant industry-wide returns.
"Although hedge funds maintained their sector and factor tilts coming into 3Q, the e