Ionis Stock Dives After AstraZeneca Drops High Cholesterol Drug
Hedge funds ramp up market bets as volatility brings the asset class back into favor
The extreme market volatility is not causing hedge funds to back down.
Hedge funds' total gross trading flow, including both long and short bets, rose for five weeks in a row and had the largest notional increase since 2017 last week heading into the Federal Reserve's rate decision, according to Goldman Sachs' prime brokerage data. In other words, they are putting money to work in …