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Seth Golden posted an update 5 years ago
Per Morgan Stanley
3 observations from Morgan Stanley:1. Positioning is now lighter than even 2015 / 2016, and most cases since 2008.
2. $450B of equity has left Mutual Funds and ETFs into money markets this year.
2. Exposure-wise, L/S HF nets are < 5th %-ile, while Systematic leverage is in the 20-30th %-ile.