Hedge Funds Trailing Stock Rally May Be S&P 500’s Next Big Buyer
- Persistent equity rally could force hedge funds into stocks
- Bank of America: hedge funds reduce longs most in five years
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Didn’t think this year could get any worse for hedge fund managers? Guess again.
As if posting their worst start to a year and suffering the biggest crush of outflows since the financial crisis wasn’t enough, hedge fund managers are now watching the S&P 500 Index close in on its record at a time when they’ve been unloading stocks.