Hedge Fund Managers Are Prepped For Low Growth, Low Rates As They Dump Cash

The markets have been pricing in few to no rate hikes for quite some time, and it looks like hedge fund managers don’t expect this to change any time soon. Managers have generally positioned themselves for a low-rate macroenvironment with low growth, although they don’t expect a recession until at least late next year, if not much later than that. Q1 hedge fund letters, conference, scoops etc No interest rate hikes expected Bank of America Merrill Lynch analysts released their latest Global Fund Manager Survey this week. Chief Investment Strategist Michael Hartnett and team said fund managers are positioned for…