BANK OF AMERICA: Hedge funds are more defensively positioned than ever as they brace for coronavirus fallout

BANK OF AMERICA: Hedge funds are more defensively positioned than ever as they brace for coronavirus fallout

Business Insider

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· *Hedge funds posted an "extreme rotation" out of cyclical stocks after the end of the first quarter as managers brace for a potential market downturn, Bank of America analysts wrote Wednesday.*
· *Such funds are now the most defensively positioned they've been since the bank began tracking the data in 2011.*
· *Long-only...

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