Reuters – U.S. hedge funds and other clients of Wall Street investment firms raised their level of borrowed money in August, a sign they may be more confident in the markets, data published Monday showed.
Leverage rose to $286.6 billion last month, according to New York Stock Exchange margin debt data, up 5.4 percent since August last year. It is the first time in nine months that margin debt has increased on a year-over-year basis, analysts at Bank of America Merrill Lynch showed in their Hedge Fund Monitor report.
