Bloomberg – Bets global stocks will fall have surged at hedge funds to the highest level since July 2009 as the economic slowdown and European debt crisis spur the biggest losses in almost three years.
An index of hedge fund assets from International Strategy & Investment Group dropped to 45.8 on Aug. 16, showing the most short selling in two years, down from a 2011 high of 54.2 in February. The research company and broker-dealer surveys 35 firms with about $84 billion under management every week.
