As hedge funds have ballooned lately, so has their footprint within the few markets massive sufficient to accommodate them. This isn’t an issue when their trades are going effectively. When these trades backfire, although, it may be a unique story – notably if a number of funds are holding the identical place and all attempt to lower directly.
“That’s why we’re having a one-in-100-year occasion each 5 years,” says Jakob Horder, world co-head of fastened revenue at Morgan Stanley. “There are bigger and bigger
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