Just yesterday we posted how of all BofA clients only hedge funds have been raking up their stakes in US equities, the trend seems ubiquitous. Societe Generale’s Hedge Fund Watch concludes the same, net long exposure in S&P 500 (INDEXSP:.INX) has been edging closer to an all-time high. Hedge funds added up to their longs against the backdrop of weak economic data in US, SocGen expects a major sell off in the second half which will be motivated by profit-taking as opposed to any major headwinds hindering the performance of US equities. Hedge funds have maintained a decidedly bullish stance…
Hedge Funds' S&P500 Longs Close To Breaking Record: SocGen
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.