Euro Hedge Funds Cautious Amid Economic Concerns

March 17th, 2010
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European hedge fund managers have started cutting long bets after strong gains in 2009, according to Reuters. Managers are attributing this caution to concerns about the US and European stock markets being able to maintain the high returns from a year earlier, with some even speculating the markets could decline to levels below the lows witnessed in 2009. The hedge fund industry saw annual returns of almost 19% in 2009 led primarily by the stock market’s performance. Given the equity markets’ dependency on earnings and the macroeconomy, hedge funds are fearful of losing the 2009’s gains if the economic recovery proves to be unsustainable.
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Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

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