Hedge Fund Leverage Unchanged, Fed Says

Jan 7 2014 | 1:58am ET

Hedge funds' leverage levels held steady in the three months to November, according to a Federal Reserve survey of banks.

The Fed said that "responses to the core questions generally suggested little change over the past three months." The central bank polled 22 Wall Street banks between Nov. 19 and Dec. 2 to learn about lending conditions from September through November.

While the lending environment for hedge funds and pension funds remained unchanged, the Fed did say that one-third of respondents saw a decline in leverage at real-estate investment trusts during the period.


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