Hedge funds are about halfway done deleveraging, which leaves them another $200B to unload,...

|By:, SA News Editor

Hedge funds are about halfway done deleveraging, which leaves them another $200B to unload, Bernstein says. Clients putting in 30-day notices to withdraw their funds by year-end may be a catalyst for further deleveraging, "and a possible explanation for the recent steep selloff," it says.