Hedgies amass £1 trillion debt

Michael Bow
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TOP HEDGE funds around the world have debts of more than $1 trillion (£660m) on their balance sheets, secret data from US regulators show.

The findings were released by the US Securities Exchange Commission. The watchdog collects the confidential data under new rules as part of the Dodd-Frank Act.

The debts are mainly made up of securities like borrowed shares used for short selling.