They bet US$2.8b that the index of bottom 2,000 stocks will fall
Wed, Apr 30, 2014 - 6:00 AM
Short sales: The biggest speculators have increased short sales and bought hedges in most stocks as technology companies led a decline that erased US$1 trillion from American share values between April 2 and 12. - PHOTO: AFP
MONEY managers are turning on stocks that have delivered the best returns during the bull market: small caps.
Large speculators such as hedge funds are betting US$2.8 billion this month that the Russell 2000 Index will fall. That's the most since 2012 and the highest versus average levels...