Short sellers extend winning streak
4:16 PM
Hedge funds that bet against the future of a company by selling its stock short extended their winning streak for a third straight month as investors worried about rising interest rates and slower growth.
Short sellers, who borrow stocks to sell in the hope of buying them back later for less and pocketing the difference, returned 3.46 percent in March after returning 3.40 percent in February, according to the Credit Suisse First Boston Tremont Index LLC released on Friday
Also so-called long/short equity funds, which can play both sides of the market, lost 1.14 percent in March as the market turned against them.
Short sellers, who borrow stocks to sell in the hope of buying them back later for less and pocketing the difference, returned 3.46 percent in March after returning 3.40 percent in February, according to the Credit Suisse First Boston Tremont Index LLC released on Friday
Also so-called long/short equity funds, which can play both sides of the market, lost 1.14 percent in March as the market turned against them.
Posted by OscarNOW
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