Fund Managers Missing Rally Dump Bearish Bets Most Since ’08

Fund Managers Missing Rally Dump Bearish Bets Most Since ’08

Scott Eells/Bloomberg

Equities fell last week, sending the S&P 500 down 1.2 percent to 1,353.39, as JPMorgan Chase & Co. reported a $2 billion trading loss and investors speculated inconclusive Greek elections will lead the country to exit the euro zone.