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

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.

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.