Hedge Fund Sell-off

“Through the first two months of the year, long/short equity hedge funds and mutual funds were neutral the market but long growth stocks, which helped underpin outperformance through the January-February sell-off. The rotation out of growth and into value starting in early March hurt and funds were forced to unwind positions.” (Deutsche Bank)

Hedge Fund Performance


“Whatever it takes”

Spanish and Italian 5-year government bond yields are now below those of the US.

Bond Yields

There is still a real threat of deflation across Europe and some countries are already experiencing deflation, but “Whatever it takes” has had a huge impact on debt markets.

Government Bond Yields