Jan
11
Long-Short Hedge Funds Are Ditching the Shorts to Focus on Longs
By-
Equity hedge fund managers are least bearish they’ve ever been
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In 2016 the funds posted their worst annual returns since 2011
What happens when you take the “short” out of a long-short trading strategy? Some hedge funds are about to find out.
Equity long-short fund managers, the biggest category in hedge funds, hold the fewest bearish stock bets on record, data compiled by Credit Suisse Group AG show. The shift reflects their abysmal performance in 2016, when the S&P 500 advanced 9.5 percent as the long-short managers tracked by Credit Suisse fell 4.3 percent, their worst year since 2011…
Long-Short Hedge Funds Are Ditching the Shorts to Focus on Longs
