Where’s the hedging?…
With data flowing in now, it is apparent that a large number of hedge funds are in the red this year and several dozen are down by double-digit rates. They include many well-known names that run billions of dollars.
Experts say many of these funds could face sizable redemptions. After all, in the next 30 to 60 days, these requests must be submitted to most hedge funds for year-end.
Which, of course, means more selling to come. Add this to the window dressing fixes for Europe and it is likely to get very volatile in the next few months.