The Slaughter Continues: Hedge Funds Tumble In October, Turn Negative For 2014 Despite Central Bank Sticksave

Monday, November 3, 2014
By Paul Martin

by Tyler Durden

As we reported last week, one of the most notable features of October was not so much the relentless intervention by central banks to prop up the global capital markets Ponzi scheme and send the S&P to fresh record highs – that much should have been apparent years ago – but rather that just as hedge funds were preparing to aggressively capitalize on the first notable downturn in the “market” in years, the carpet was yanked from under everyone’s legs, and hedge funds (which by definition “hedge”, i.e., put on offsetting, short positions to plain vanilla longs, something for which they are compensated orders of magnitude higher than mutual funds) were slaughtered once again, following the biggest, or as we called it most Historic, short squeeze in 3 years.

Over the weekend, BofA’s Ankur Singh picks up on this when he said that “Russell short covering continues…. “

The Rest…HERE

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