| 22.05.2012 Macro hedge funds still reducing beta |
| Bailey McCann, Opalesque New York: Macro funds are still reducing beta as they did last week. They held the NASDAQ 100 steady, added to their shorts in USD, while selling
the S&P 500, commodities and 10-year Treasuries. In addition, they reduced
small cap preference - according to new data from BofA Merrill Lynch Global Research. The investable hedge fund composite index was down 1.10% month- |