Seeking Alpha – We’re back with the latest Bank of America Merrill Lynch hedge fund monitor report. This time around, we see that hedge funds have sold the Japanese yen down to the lowest levels since mid 2007.
This comes after last week where we saw hedgies were starting to aggressively sell the Japanese yen. And just yesterday, we examined some Societe Generale research that found hedge funds were net short 10 year treasuries. Digging into the highlights of BofA’s latest findings, we see that equity focused hedge funds have been favoring small cap stocks as the high beta rally marches on.
