<div id="readability-page-1"><div><div><h2><strong>The rumors of excess are greatly exaggerated</strong></h2><p>No one ever really worried whether hedge funds were “alright.” But the latest data from Morgan Stanley’s prime brokerage desk shows they are — diversified, low beta, and far from all-in on AI. Positioning looks responsible, not euphoric, and crowding is more myth than fact.</p><h2><strong>No de-grossing</strong></h2></div></div></div>

摩根士丹利

<p>關於過度投資的傳言被大大誇大了。沒有人真正擔心對沖基金是否 “還好”。但來自摩根士丹利的主要經紀業務部門的最新數據顯示，它們是——多元化、低貝塔，並且遠未完全押注於人工智能。當前的持倉看起來是負責任的，而非狂熱的，擁擠更多是神話而非事實。沒有去槓桿化</p>

摩根士丹利：對沖基金狀況良好