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Bruised hedge funds tentatively looking for risk again
After a tough March, some hedge funds, emboldened by early signs of the coronavirus outbreak peaking in some of the biggest U.S. hot spots, have begun tentatively adding to risk. "In long/short equity there is a small amount of re-risking that has been going on for the last two weeks but not back to the risk levels that we saw in February or the start of March," said Rob Christian co-head of research and investment management at hedge fund solutions group K2 Advisors, part of Franklin Templeton Investments. U.S. stock markets have partially rebounded from the trough of 2,191.86, touched by the S&P 500 on March 23, and through Monday, had risen 30% from that low.
https://ca.finance.yahoo.com/news/bruised-hedge-funds-tentatively-looking-051029653.html?.tsrc=rss
After a tough March, some hedge funds, emboldened by early signs of the coronavirus outbreak peaking in some of the biggest U.S. hot spots, have begun tentatively adding to risk. "In long/short equity there is a small amount of re-risking that has been going on for the last two weeks but not back to the risk levels that we saw in February or the start of March," said Rob Christian co-head of research and investment management at hedge fund solutions group K2 Advisors, part of Franklin Templeton Investments. U.S. stock markets have partially rebounded from the trough of 2,191.86, touched by the S&P 500 on March 23, and through Monday, had risen 30% from that low.
https://ca.finance.yahoo.com/news/bruised-hedge-funds-tentatively-looking-051029653.html?.tsrc=rss
