ET – Hedge funds and other money managers slashed their exposure to US commodities by around $9 billion this week, government data showed over the weekend, in the biggest such cut in four months on worries over China’s slowing economy and fading prospects for new US economic stimulus.
The value of net-long positions held by money managers across 24 US commodity futures markets fell to around $90.7 billion for the week to April 10 from $99.3 billion a week earlier, according to Reuters’ computation of data issued by the Commodity Futures Trading Commission (CFTC).
