Hedge Funds Face The Max Pain Trade: RBCRupert Hargreaves
Hedge funds have been hit by a "max pain" trade and are now suffering grappling with a great unwinding according to RBC's Head of US Cash Equities Salestrading, Charlie McElligott.
Hedge funds have been hit by a tidal wave of bad news, and there's no sign the market will start to favor hedge funds again anytime soon. According to RBC, year-to-date the VIP Hedge Fund basket of stocks is down 1.55% and the US Momentum Long . . .
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