Hedge Funds Get Long On U.S. Equities; Europe Still Hazy

The latest Citigroup Inc (NYSE:C) snapshot of hedge fund positioning around the world gives some insight into the way funds have been using their money in October. The report, which was authored by analyst Robert Crossley, shows that hedge funds are becoming more positive on the United States, but problems persist in the periphery of Europe. The report is a somewhat positive sign that market expectations are healthy. The idea that the market has hit a top has been getting a lot of play in recent weeks, and it has helped to erode investor confidence. Problems persist in certain areas,…