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Alternative Market Briefing

Hedge funds aggressively buying the Euro, adding to USD shorts - BAML

Tuesday, January 29, 2013

Bailey McCann, Opalesque New York: Hedge funds are moving aggressively into the Euro as that currency rallies over the US Dollar which is being shorted, according to new data from Bank of America Merrill Lynch Global Research. The Russell 2000 is the largest net long position since April 2003. The investable hedge fund composite index was up 1.41% for the month, compared to a price return of 4.81% for the S&P 500 as of January 23.

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