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Shorts proving popular in US as bear looms

Pessimism about the future of the US economy is leading some to bank on short positions, but is it all bad news? Solomon Teague finds out

Concern about the US economy is increasing allocations on many a short book among North American long/short funds.

Toronto-based Sprott Asset Management has a gross short position of 95%. Positions are taken from the general equity universe of the North American market, which it believes to be in the throes of a secular bear market.

This is offset by a 70% gross long position, predominantly in

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