Just yesterday we posted how of all BofA clients only hedge funds have been raking up their stakes in US equities, the trend seems ubiquitous. Societe Generale's Hedge Fund Watch concludes the same, net long exposure in S&P 500 (INDEXSP:.INX) has been edging closer to an all-time high.
Hedge funds added up to their longs against the backdrop of weak economic data in US, SocGen expects a major sell off in the second half which will be motivated by profit-taking as opposed to any major headwinds hindering the performance of US equities.
Hedge funds have maintained a decidedly bullish...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
