Hedge funds levered up in 2018
Relative value funds have highest adjusted leverage, at 7,155%
European Union hedge funds became more leveraged in 2018, a report by the European Securities and Markets Authority (Esma) shows.
Adjusted leverage for these funds, a measure that excludes interest rate derivatives, was 1,052% of aggregate net asset values in 2018, compared with 781% in 2017. Factoring in these derivatives, hedge funds were levered 5,514% in 2018 and 4,491% in 2017.
Relative
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