Bailey McCann, Opalesque New York:
Speculators have reduced long S&P500 exposure by more than 70%, as of last Tuesday, according to the latest hedge fund monitor data from Bank of America Merrill Lynch Global Research. Hedge funds tracked by the research group, have outperformed for the third straight week and are up +0.5% for January.
The Diversified Investible Hedge Fund Composite Index is up 0.52% through January 22,
2014 versus S&P500 which was down 0.2% during the same period. In terms of strategies......................
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