Hedge Fund Risk Retreat Largest in a Decade, Morgan Stanley Says

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Global equity hedge funds reduced risk at their steepest pace in more than a decade through the first week of November. Morgan Stanley prime brokers said the cuts occurred amid a widespread unwind.

Global equity hedge funds cut risk at the steepest rate in more than a decade through the first week of November as a widespread unwind gathered steam, Morgan Stanley prime brokers wrote in a note dated Tuesday.