Saturday, February 21, 2009

Hedge funds switch shorts, but losing firepower - Reuters

Hedge funds switch shorts, but losing firepower

Reuters

Many funds are closing their UK bank shorts and moving to sectors such as insurance, which outperformed banks in 2008 -- the FTSE 350 Life Insurance sector .FTNMX8570 fell 43 percent while the FT350 Banks sector .FTNMX8350 fell 57 percent. ...

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