/biz/ - Business & Finance

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>Hedge funds around the world fled positions in energy stocks, bonds and futures last week just in time to miss this week's whipsaw moves in oil, according to data from two banks.
>Funds dropped their long and short positions in energy stocks, bonds and futures in the week ending Sept. 16 "more than any other time in recent months", and more than any other sector of the economy in the last 20 days, according to notes by Morgan Stanley and JP Morgan respectively.
>Hedge funds that trade with systematically programmed algorithms did not necessarily short the market but rather, vacated their positions because of a lack of any trend in the prices of oil, gas and other energy products, said David Gorton