A graphical look at hedge fund leverage
|Mar 5th, 2009 | Filed under: Featured Post, Today's Post | By: Alpha Male||
Britain’s Financial Services Authority (FSA) recently found that hedge fund leverage was nearly extinct (for now). In what is billed by the FT as the “only authoritative data on the opaque industry”, the FSA found that the average hedge fund had leverage of 1.15x, down from about 2x a year ago and 1.44x as late as last spring. According to the FT, the FSA defined leverage as long positions over NAV, “ignoring short positions.” More…
To continue reading this article please login (at the right) or click here to learn more about accessing our archives.