Published 12:14 IST, December 18th 2023
Hedge funds' bearish bets get crushed in post-Fed meeting rally
Both Goldman Sachs and Jefferies said long/short hedge funds, which take positions betting stocks will rise and fall, got hit hard after Fed Chair Jerome Powell on Wednesday indicated that the U.S. central bank's historic tightening of monetary policy was likely over.
Hedge Funds | Image:
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12:13 IST, December 18th 2023