Soc Gen 'Hedge Funds Left Naked By Market Correction'
It might seem odd that Societe Generale’s latest Hedge Fund report decries the lack of performance in hedge funds when a category it should be intimately familiar with, managed futures, continues to perform during crisis. The report titled ‘Hedge Funds Left Naked By Market Correction’ nonetheless provides significant insight into the current state of hedge fund positioning, if tilting slightly towards those equity-based hedge funds that have historically dominated Wall Street thought processes. The report of hedge fund trade positions is always considered interesting as Newedge, Soc Gen’s derivatives brokerage holding, has access to many of the top algorithmic traders....