Thursday, 30 July 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…