NEW YORK, March 10 (Reuters) - Hedge funds reduced their

exposure to stocks on Friday at the largest amount in more than

two years, according to a Goldman Sachs ( GS ) note released on Monday.

The bank added some hedge funds' large moves on Friday could

be compared to what was seen in March 2020, during the breakout

of the COVID pandemic, and January 2021, when hedge funds were

forced to unwind their short positions in the so-called meme

stocks, or popular stocks among retail investors.