{"id":10049,"date":"2009-03-09T00:00:00","date_gmt":"2009-03-09T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"a-graphical-look-at-hedge-fund-leverage","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/a-graphical-look-at-hedge-fund-leverage.html","title":{"rendered":"A Graphical Look at Hedge Fund Leverage"},"content":{"rendered":"<p>Seeking Alpha &#8211; Britain&rsquo;s Financial Services Authority (FSA) recently found that hedge fund leverage was nearly extinct (for now). In what is billed by the FT as the <em>&ldquo;only authoritative data on the opaque industry&rdquo;<\/em>, the FSA found that the average hedge fund had leverage of 1.15x, down from about 2x a year ago and 1.44x as late as last spring. According to the FT, the FSA defined leverage as long positions over NAV, &ldquo;ignoring short positions.&rdquo;<\/p>\n<p>But what happens when you account for shorts? Regular readers may remember the chart below left from a recent European Central Bank report.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/seekingalpha.com\/article\/124783-a-graphical-look-at-hedge-fund-leverage\">Read Complete Article<\/a><\/strong><\/p>\n<p><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/seekingalpha.com\/article\/124783-a-graphical-look-at-hedge-fund-leverage\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seeking Alpha &#8211; Britain&rsquo;s Financial Services Authority (FSA) recently found that hedge fund leverage was nearly extinct (for now). In what is billed by the FT as the &ldquo;only authoritative data on the opaque industry&rdquo;, the FSA found that the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[8447,8693,1331,5218,2325,1626,4532],"class_list":["post-10049","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-authoritative-data","tag-european-central-bank","tag-financial-services-authority","tag-fsa","tag-last-spring","tag-leverage","tag-seeking-alpha"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10049"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10049\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}