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A board overlooking the floor of the New York Stock Exchange shows an intraday number above 1,600 for the S&P 500, Friday, May 3, 2013.
A board overlooking the floor of the New York Stock Exchange shows an intraday number above 1,600 for the S&P 500, Friday, May 3, 2013.
(Richard Drew/AP)

Hedge funds shy away from betting against stocks

Here’s another piece of evidence that investors are growing complacent as the bull market approaches five-and-a-half years in age: Hedge funds are shying away from betting against stocks.

The loosely regulated funds have a number of unorthodox ways of making money, from betting on mergers and acquisitions, to using leverage for boosting gains, to buying distressed debt.