Bank of England warns hedge funds increase global bond market shock risks
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Hedge funds' growing presence and leverage in global bond markets increase the likelihood of localized turbulence turning into broader financial stress, according to Bank of England deputy governor Sarah Breeden. Speaking at the IMF-World Bank annual meetings in Bangkok, Breeden noted that leveraged, price-sensitive hedge funds have replaced traditional pension funds and insurers. The IMF recently reported that global hedge fund gross assets have reached approximately $13 trillion.
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