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Eurozone hedge funds put cash to work in Q2

Deposit and loan claims made up 20% of total assets in Q1

The eurozone’s hedge funds started redeploying liquidity over the three months to end-June, after their dash for cash in the first quarter.

As of Q2, hedge funds held €97.4 billion ($115.3 billion) in cash and loans, down some 11% on Q1. At end-March, deposit and loan claims accounted for 20% of total hedge fund assets, their highest share at any time since at least 2008.

Some of this excess

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