A balancing act

One of the often repeated facts of recent months is the one stating hedge funds managers are the only people likely to make money in falling markets, as they are more likely to be positioned 'short' of the market.

While there is more than an element of truth in this comment, plenty of hedge funds have lost being short the wrong market or wrong stock. Others have made money being long the right market or right stock.

Despite the Federal Reserve's recent decision to cut rates for a third time

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