Tuesday, 1 December 2015
Last updated 2 hours ago
Sep 27 2011 | 1:36pm ET
Hedge funds slashed their leverage last month faster than at any time in almost three years, according to a new report.
Margin debt on the New York Stock Exchange fell 11.1% in August, Bank of America Merrill Lynch said. That's the most since November 2008.
Despite the drop in leverage to $272 billion, margin debt on the NYSE remains above its most recent lows in June 2010 and February 2009; on the latter date, leverage was just $173.3 billion.
Hedge funds began August with their highest equity exposure since the financial crisis began.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…