How Hedge Funds Were Positioned for the Market Selloff

A look at the market exposure levels of funds including Tiger Global, Greenlight, Third Point and Horseman.

(Michael Nagle/Bloomberg)

(Michael Nagle/Bloomberg)

Were hedge funds prepared for the stock market’s sharp selloff?

While their results won’t be clear until they start reporting February results, a look at year-end exposure levels — one measure of overall risk — of more than a dozen hedge funds found that most began the year with a net exposure below 50 percent.

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