Hedge funds cut shorts by 40% after dash to equity market trash ends

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GLOBAL - Short selling activity by hedge funds has rotated out of equities, as a rally in lower quality companies over the past year has come to an end, and into corporate bonds as spreads have tightened.

The volume of short selling of equities fell by 38% over the 12 months, according to a study by short selling analysts Data Explorers. Over the period, global shares rallied by 51%, and the FTSE Al...

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