It’s Back To Risk-On For Active Managers

It's starting to look like the fourth-quarter bear market may have been just a mere blip on the market radar. Active portfolio managers have been returning to risk-on positions over the last couple weeks. They're back to buying perennial favorites like the Communication Services sector, which now contains the likes of Facebook and other momentum names, according to Bank of America Merrill Lynch.

Q4 hedge fund letters, conference, scoops etc

Momentum stocks appear to have mostly picked up right where they left up before the widespread asset-price plunge, although Thursday's pullback suggests the ride up may not be as...