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Big fund managers are risk-takers but they don’t go whole hog on all markets, all the time. These players added longs to some bullish bets but cut back holdings in others.
Here’s what funds were up to through Tuesday, April 17, when the CFTC collected data for its latest Commitment of Traders put out on Friday.
Helping hand
Crude oil futures hit their highest price in more than three years this week, getting an assist from money managers, who added nearly $1.65 billion to their net long position. But overall their holdings are trending lower, even futures move higher.