At least 20 of the 30 biggest hedge funds boosted their positions in financial institutions in the last quarter, a sign that Wall Street is ready to bet on more risky sectors in the hope of longer-term rewards.
The push into financials indicates fund managers including Steven Cohen and John Paulson — closely watched as barometers of risk — have shifted from routine merger arbitrage plays to directional bets with more reward potential.
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2 comments so far
Adam, a graphic man of few words, I like it…this paints a different picture to an article elsewhere regarding ‘irreversable disintermediation of banks (in China), particularly retail banking’ ??? Will the State then mediate ? Anyway, I can’t get my head around the large parts (14-17%) of the pie. One thing is for sure, the traders that take positions for ‘long term rewards’ will be sipping pina coladas in the Caribbean long before these positions actually have to be closed out.
- Posted by CasperMore on the above - if the graphics are for hedges, in my opinion it shows substantial apprehension towards the large chunks of the pie chart. If it is for the underlying stocks, I would change my investment portfolio immediately, even if it costs a bit during the transition.
- Posted by Casper Lab