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Equity hedge funds stay cautious on market rebound: ‘We are in a bull trap’
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fnlondon.comThe hedge fund industry is still not ready to bet big on the latest market rally, sector leaders say, despite a surge across global equity markets in January.
The FTSE 100 reached an all-time high of 7,950 during intraday trading on 9 February. With European stocks heading for one of the best starts of the year ever after the Stoxx Europe 600 Index gained 8% year-to-date, hedge funds still fear a dead-cat bounce after a dismal 2022 for global stocks.
While...
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