Australian Investment Blog

Hedge Funds look at Positions as Christmas approaches fast

This morning, the annual large Christmas tree is being erected in Martin Place, central Sydney. It seems to be earlier every year with December basically still two weeks away. However, my 4-year old son Harry is talking about it non-stop, so I guess there is method in the madness, as children embrace the festive spirit once the TV toy advertisements commence. Like all of us, Hedge Fund Managers (they are human) like to have a relaxing Christmas and this generally entails reducing risk, hence one of the places they look is large short positions they are holding (a short position has been sold, without owning the shares, hoping to buy back lower hence locking in a profit).