Markets

MARKETS

Not going viral… Hedge fund managers maintain discipline despite market jitters over coronavirus

Not going viral… Hedge fund managers maintain discipline despite market jitters over coronavirus

Equity markets have merely sneezed in response to the coronavirus (Covid-19) and while there is uncertainty over how much fear has been priced in, as infection numbers continue to rise, hedge funds have navigated developments with discipline and a modest reduction in net long exposure. For now, rather than trying to react to short-term moves, managers are taking a prosaic stance.