03.08.2010 Opalesque Exclusive: Hedge fund beta on the rise – Bank of America Merrill Lynch
From Kirsten Bischoff, Opalesque New York:

Hedge funds are becoming more correlated to equities markets, said a market analysis report from Bank of America Merrill Lynch yesterday. Besides Dedicated Short Bias, all other strategies have been positively correlated to S&P500 returns for the last twelve months.

BofA/ML alerted hedge fund investors that the firm “continues to favor hedge fu

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