Stocks drooped last week and continued to fall this week, based on major indices. Hedge funds bought the dip last week while corporates also took advantage of their lower stock prices. Inflows to Financials, Energy and Communication Services remained especially strong last week, as did inflows to Tech exchange-traded funds. Meanwhile, pension funds bought Financials stocks and sold ETFs last week. Q1 hedge fund letters, conference, scoops etc Hedge funds bought the dip In their weekly “Equity Client Flow Trends” report, Bank of America Merrill Lynch strategist Jill Carey Hall and team noted the S&P 500 was down 1.2% and…
As Markets Crash Hedge Funds Buy The Dip
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.