Summary
LONDON (Reuters) - Hedge funds have sharply cut back on bets and are less willing to make punts on market moves after a tough June in which turbulence over Greece's debt crisis left managers nursing further losses.
Hedge funds found few bets - calling market direction or trying to buy cheap stocks and go short on expensive ones - worked in a month dominated by worries over Greece's attempts to push through austerity measures needed to secure a bailout.See the full content of this document
Extract
Hedge Funds Slash Bets After June Losses
"It's not been a good month," said one prime broker who asked not to be named. "Some strategies that were a bit crowded - long commodities, long gold, short dollar - didn'...
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