Hedge Fund Risk Retreat Largest in a Decade, Morgan Stanley Says

Hedge Fund Risk Retreat Largest in a Decade, Morgan Stanley Says

Global equity hedge funds cut risk at the steepest rate in more than a decade through the first week of November as a widespread unwind gathered steam, Morgan Stanley prime brokers wrote in a note dated Tuesday.

Hedge Funds Log Deepest Global Equity Retreat in More Than a Decade

Asia’s fundamental stock pickers led the retreat, while leverage across all prime-brokerage clients stayed at 314.2%, the 85th percentile of the past year.

Hedge Funds Cut Equity Risk at the Fastest Pace in More Than a Decade as the AI Selloff Forced a Broad Deleveraging:

HedgeCo.Net — Global equity hedge funds cut risk at the fastest pace in more than a decade during the first week of November, according to a Morgan Stanley prime brokerage note dated Tuesday. The gross market value of long/short equity fund positions has fallen 10.7% since late June, as a selloff in artificial intelligence stocks that accelerated after the U.S. midterm elections pushed managers to unwind exposure across regions. Returns were neg…

Hedge funds cut equity risk at fastest pace in a decade amid AI…

Global equity hedge funds reduced risk at the fastest pace in more than a decade during the first week of November, as a sharp selloff in artificial intelligence stocks triggered widespread deleveraging across major markets, according to Morgan Stanley prime brokerage data.The gross market value of long/short equity hedge fund positions has declined 10.7% since late June, reflecting a significant retreat from equity exposure as concerns over AI …