Latest Business News: Fed Survey Shows Hedge Funds Leveraged up to Buy Stocks

Wochit 0:56 mins

Hedge fund investors were recently borrowing aggressively to fund stock bets relative to their strategies since the financial crisis, a Federal Reserve survey showed on Monday. The Fed's Senior Credit Officer Survey showed one in five respondents reported hedge fund client's leverage, a measure of the amount of debt used to make financial bets, was near its highest level for equity-oriented funds since a pre-crisis peak. EMC Corp, a maker of data storage equipment, said that it has acquired identity verification services company Aveksa, boosting the offerings of its own security division. Shareholders in Clearwire Corp voted to approve majority owner Sprint Nextel's buyout of the rest of the company, finally ending a massive battle for control of the small U.S. wireless operator.

View Comments (0)