(Opalesque) Data from hedge fund research firm PivotalPath showed that hedge funds are increasingly adopting a more defensive strategy as concerns about the macroeconomic environment have made making directional bets on the stock market harder, PivotalPath said. U.S. equity long/short hedge funds have cut to six year lows the level at which swings in the S&P 500 affect their profits or losses, as portfolio managers are taking less directional bets.
Hedge funds increasingly adopt a more defensive strategy
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