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Hedge-Fund Resistance Hardens as $10 Trillion Stock Rally Builds

  • Equity long-short and quant funds’ share exposure still muted
  • Managers may be waiting for rally to match fundamentals: CS

Here’s the latest sign the fast money remains contemptuous of the $10 trillion post-Christmas rally in global stocks.

Long-short hedge funds on Credit Suisse Group AG’s prime brokerage platform have reduced their net exposure to equities in the last two weeks as they ramp up short bets.