The sudden surge in Tesla stock price caught many short sellers at the wrong time.
(Photo: Reuters)
Dusseldorf Hedge funds, i.e. unregulated investment funds, have done better than the S&P 500 with their bets on rising prices (long positions) of individual stocks in the past 30 days. This is shown by an analysis by the financial data provider S3 Partners. While the US market-wide index rose 5.6 percent over the period, long hedge fund positions gained 7.4 percent. However, with their bets on falling prices, the hedge funds made large losses at the same time. On average, these short positions lost 8.5 percent in value.
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