Hedge Funds Cut Bets in Longest Retreat Since 2008

Hedge Funds Cut Bets in Longest Retreat Since 2008

SeongJoon Cho/Bloomberg

A worker inspects aluminum ingots stacked at the Public Procurement Service (PPS) Busan base warehouse in Busan, South Korea. Commodities are headed for the first annual loss since 2008 as weaker growth and more supply will mean surpluses in sugar, aluminum and zinc, according to Morgan Stanley.