(Benzinga) Evercore ISI’s recent hedge fund survey indicated that funds have their lowest net-long exposure to stocks in two years.Net-long exposure to stocks peaked in September of 2014.Analyst James Walsh said that funds’ net exposure has been a good contrary indicator of stock market movement. Evercore surveyed 31 hedge funds with net assets of about $86 billion and asked them to rate their long exposure to stocks on a scale of 0 to 100, where 50 indicates normal net exposure. “Over the years, we have noticed that our hedge fund survey has been a good contrary indicator for the market,” Walsh wrote.
Net Exposure

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