In Energy, Hedge Fund Exposure Dragging Along Bottom Amid Mean ReversionMark Melin
A Credit Suisse prime brokerage report notes that the “market malaise” spreading unease across markets “presents as more a valuation bleed than the risk-on/risk-off gyrations experienced last August and more recently this January.” This comes as certain exposure levels (including energy) haven’t moved much off their fourth quarter bottom and are still mired near two-year lows.
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