Hedge Fund Stock Exposure Hits New Record High, But…

Did you wake up on Wednesday morning asking yourself whether the 2 and 20 crowd's equity exposure hit new record highs recently? Probably not. Chances are you don't care because after all, thanks to central bank largesse and the "miracle" of ETF proliferation, your E*Trade account is outperforming every hedge fund on the planet Earth, so you know, who cares what they're doing, right? Of course then again, that's actually the point, we suppose. If you're buying yachts by riding (and helping to
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