When the facts change I change my mind, what do you do sir
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Hedge Funds Have Never Been More Bullish Stocks (And Bearish Gold)
Across the universe of hedge funds that Goldman Sachs covers, the net long exposure to the market reached a record-breaking 52% in Q4 2012 - the most bullish level on record. It would appear, as we noted here, that the 2-and-20 crowd of alpha generators have merely been corralled into beta-chasers as, just as they did in the run-up to the 2007/8 highs, their exposure is mirroring the broad market performance. It strikes us that a 'hedge' fund should, in general, be contrarily reducing exposure as the market rises but with turnover of all positions also at record lows it would appear the managers have set out their ... (full story)
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- Feb 26, 2013 2:18am Feb 26, 2013 2:18am
- Pip Anon
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- k3nshinz3139
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- michaelpelly
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- Pip Anon
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When the facts change I change my mind, what do you do sir
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- k3nshinz3139
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- spekitox
- | Joined Sep 2008 | Status: Lucky Man | 715 Comments
forget about tomorrow, just steal away into the night
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- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
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- michaelpelly
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- michaelpelly
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- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir
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- Mike Haran
- | Commercial Member | Joined Oct 2010 | 699 Comments