Hedge Funds Are Behaving Like We Just Had a Financial Crisis
- Implied equity exposure, options trends point to risk aversion
- Macro Risk Advisors says beta to stocks is lowest since 2013
This article is for subscribers only.
Hedge funds haven’t been chasing the January rebound in U.S. equities on the heels of their worst year since 2011.
According to Macro Risk Advisors, these big-money managers are acting much more like it’s the aftermath of the 2008 financial crisis than the relatively low-volatility environment that’s dominated for most of the past five years.