(NY Times-Deal Book blog) The trade of the moment in the hedge fund industry - betting on falling financial stocks and rising commodities - is offering further profit despite a setback in July, but fund managers may have to alter their tactics.
Hedge funds could well benefit from betting that the bounce in battered financial stocks and the decline in commodities in July were only blips in a longer-term trend, since the fundamental reasons for selling bank stocks and holding commodities remained intact.
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