(Bloomberg) One quantum of solace for bruised stock bulls: Some of the usual suspects behind last week’s rout may be done frightening markets. Equity long-short hedge funds are among the worst-performing categories this month, along with risk-parity investors and balanced mutual funds, according to JPMorgan Chase & Co. — a sign they helped fuel the market slump. Having slashed exposures amid the carnage, the deleveraging could now be over, according to the bank’s strategists.
Hedge Funds at the ‘Core’ of Stock Slump May Be Done Offloading
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