Hedge Fund News From HedgeCo.Net


Hedge Funds Are Pulling Out of Gold and Seeking Thrills Elsewhere

(Bloomberg) Hedge funds are pulling out of gold bets as more exciting moves in equities and cryptocurrencies make safe-haven investments look boring.

Money managers cut their bets on a bullion rally at the fastest pace in five months as prices head for their worst quarterly loss in a year. Speculators are throwing in the towel as the metal failed to sustain the gains that took futures to a one-year high in September.

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