JPMorgan Says More Hedge Fund Outflows To Come; SWFs Also SellingMark Melin
Watch for more hedge fund outflows to come.
After the S&P 500 index briefly breached the 2,100 level on Wednesday, touching a high of 2102.40, it has sold off ever since and today ended trading at 2087.79. In this environment, a JPMorgan report shows that managed futures CTAs are only lightly exposed to stocks and “have a lot of room to add equity exposure from here.” Many fund managers are disappointed they missed the recent rally, but even . . .
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