Business & Finance
Hedge Fund Risk Retreat Largest in a Decade, Morgan Stanley Says
Key Points
Hedge Fund Risk Retreat Largest in a Decade , Morgan Stanley Says Global equity hedge funds cut risk at the steepest rate in more than a decade through the first week of November as a widespread unwind gathered steam, Morgan Stanley prime brokers wrote in a note dated Tuesday. The gross market value of long-short stock funds declined 10.7% since late June, they wrote.
Hedge Fund Risk Retreat Largest in a Decade, Morgan Stanley Says
Global equity hedge funds cut risk at the steepest rate in more than a decade through the first week of November as a widespread unwind gathered steam, Morgan Stanley prime brokers wrote in a note dated Tuesday.
The gross market value of long-short stock funds declined 10.7% since late June, they wrote. The figure shows the scale of the pullback among global investors, who have been hit hard by a rout in artificial intelligence stocks that gathered steam following the recent US mid-term elections.