Hedge Funds Capitulate on European Shorts
By Alexis Xydias - Aug 13, 2012 6:03 AM GMT-0300
Hedge funds that base investment decisions on economic trends are unwinding bets against European stocks (SXXP) at the fastest pace in three years, speculating policy makers will step up the fight against the debt crisis.
The degree by which macro funds are trailing the Euro Stoxx 50 Index (SX5E) is narrowing at the fastest rate since 2009, a sign managers are covering short sales by buying shares ...
Pessimism about the outlook for the euro region has eased as German Chancellor Angela Merkel and French President Francois Hollande joined Draghi last month to reiterate that policy makers will do whatever is needed to preserve the single European currency...
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Comment: A losing game from the beginning, just as we said it here.
The degree by which macro funds are trailing the Euro Stoxx 50 Index (SX5E) is narrowing at the fastest rate since 2009, a sign managers are covering short sales by buying shares ...
Pessimism about the outlook for the euro region has eased as German Chancellor Angela Merkel and French President Francois Hollande joined Draghi last month to reiterate that policy makers will do whatever is needed to preserve the single European currency...
More
Comment: A losing game from the beginning, just as we said it here.
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