Wake us up when the US defaults, hedge funds say

CNN – Fund managers are barely paying attention to the drama in Washington, because they say it’s impossible to make bets ahead of a debt resolution. And nearly every fund manager expects a resolution, even if it goes down to the wire.

“I’m still of the camp that this will get solved at the very last minute, and until then, there’s nothing to do,” a manager of a $6 billion hedge fund who requested anonymity said Monday morning.

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