Funds Hub

Money managers under the microscope

Short-sellers move in on the banks

The short-sellers are targeting bank stocks again.

Ok, it certainly isn’t on the scale seen in 2008, when hedge funds made small fortunes from the demise of Northern Rock and the like.

But it is interesting to note that after what could be termed a wave of good news — most banks passing the stress tests, a bumper earnings season and the easing of Basel III rules — some managers remain sceptical.

CQS upbeat on credit

It’s not often that the bigger hedge fund firms share their market positioning, especially at a time when funds are struggling to find decent investment ideas.

So it’s interesting to see CQS, which runs $7.5 bln, offering its views on credit markets.