Hedge Fund Bears at Year High as Equities Focus on Budget

Hedge funds, whose bearish bets on stocks have held their returns to half the Standard & Poor’s 500 Index in 2013, pushed short sales close to the highest level of the year just as the U.S. budget impasse spurred a doubling in volatility. Rising bets against equities sent a gauge of manager bull…

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Hedge Fund Bears at Year High as Equities Focus on Budget