BofA Securities with their detailed hedge fund surveys provide invaluable insights about the current and potential trends in the hedge fund world. Their latest survey addressed several important topics, including the rate cut by the Fed, current cash levels, and rotation in the bond market.
The fund manager survey showed that 9/10 investors are positioned for a steeper yield curve, 8/10 predict that the economy will undergo a soft landing, and 7/10 investors share the conviction that the high-quality stocks overperform low-quality counterparts.
Growth expectations by the survey are still low but are...