Hedge Fund Long Stock Exposure Tags Record At $1.36 Trillion

As tipped a couple of weeks ago in the hilarious "Hedge Funds Are Still Trailing The S&P And Cocaine Ain’t Gettin’ Any Cheaper," the "2 and 20" crowd has decided that the best way to "outperform" benchmarks that only go up thanks to trillions in central bank liquidity is simply to leverage themselves to the hilt. "Hedge funds lifted leverage to post-crisis highs as their most popular long positions outperformed in a rising equity market," Goldman wrote last month, adding that "net expos