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Hedge funds have only three weeks left to spend all their cash

Dave Edwards
Hedge funds have only three weeks left to spend all their cash

It’s crunch time for hedge fund managers. Bank of America Merrill Lynch (BofAML) research says that hedge funds are “geared up for year-end rally”—with exposure at the stock market at record highs and cash balances at multi-year lows. They only have until the end of the year to maximize their performance—because that’s when their bonuses…