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>> HEDGE FUNDS Latest News

MAY 07, 2013 - Business Insider

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BofA: All Of Our Clients Except For The Hedge Funds Have Been Selling Stocks For Weeks

Since January, investors have been looking for a downward correction to the stock market rally that began back in November, but nearly six months later, the sell-off hasn't materialized yet. According to BofA Merrill Lynch equity strategist Savita Subramanian, who tracks flow data on positions of clients invested in the stock market, all of BAML's clients have been selling the stock market rally for several weeks now – except for the hedge funds. In a note today, Subramanian writes: Last week, as the S&P 500 climbed 2.0% to reach a new high of 1614, BofAML clients were net sellers ... Read More

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