Hedge Fund Net Exposure Has Started To Retreat

There is still room to run in the Financial stock sector, a report from Credit Suisse notes, considering the sometimes difficult to pin down “consensus”, and Crowded trades. Looking at crowded trades across long/short hedge funds, long-only actively managed mutual funds, and sell-side analysts, the February 9 report noted extremes in positioning across both large and small capitalization stocks. 2016 Hedge Fund Letters:   Financials have room to run as crowded trade theory takes center stage When benchmarking relative divergence, the US Equity Strategy report titled “Carving Up The Consensus” considered fund manager sentiment expressed through stock ownership relative to historic…