Hedge Fund Risk Retreat Largest in a Decade, Morgan Stanley Says

Global equity hedge funds reduced their net exposure to the largest degree in more than a decade during the first week of November, according to a Morgan Stanley note dated Tuesday. The reduction reflected a broader unwinding of positions across the hedge fund industry. Morgan Stanley prime brokers did not specify the magnitude of the exposure reduction or cite specific triggering events.

• Bloomberg — Hedge Fund Risk Retreat Largest in a Decade, Morgan Stanley Says

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