Hedge funds slash bets as Trump’s trade war causes ‘a lot of pain’
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Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldHedge funds have slashed their bets on equities and cut their borrowings from banks as they struggle to deal with surging market volatility triggered by US President Donald Trump’s global trade war.A sharp stock market sell-off in recent weeks on concerns about Trump’s tariffs has hit the sector particularly hard. Goldman Sachs’ Hedge Industry VIP index, which tracks..