(Bloomberg) Hedge funds led the latest rush out of stocks, with selling from BofAML clients reaching a record high. As the S&P 500 suffered the worst decline in two years last week, clients from pension funds to wealthy individuals were all net sellers, BofAML strategists Jill Carey and Savita Subramanian wrote in a note. Their total disposal reached $3.6 billion, the highest level since early June 2016, two weeks before Britain’s vote to leave the European Union.
BofA’s Hedge Fund Clients Sold Stocks at Record Pace Amid Rout
This entry was posted in Syndicated. Bookmark the permalink.
