Barron’s – Hedge funds are long stocks, short volatility and shunning the dollar. It’s a recipe for pain if the consensus about Janet Yellen and the Federal Reserve is wrong.
That’s the message at Societe Generale today, where strategist Alain Bokobza and five co-authors run through hedge fund-exposure. Finding: If a correction follows a surprise early “taper” of central bankers’ bond-buying efforts, then hedge funds will get hurt.
