Bailey McCann, Opalesque New York:
Large speculators have reduced their S&P500 long exposure further, to the lowest since September 2012, according to the latest research from Bank of America Merrill Lynch. Macro hedge funds increased their exposure to the S&P500 and NASDAQ, while reducing long exposure to the US Dollar and emerging markets.
The Global Diversified Hedge Fund Composite Index was down 0.6% for August,
compared to ......................
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