Hedge funds were busy buying the dip amid turmoil

Behind the scenes of Monday’s trillion-dollar sell-off, big-money investors were doing something usually reserved for the retail crowd: buying the dip.

While newbie investors bailed, hedge funds that make both bullish and bearish equity wagers snapped up individual US stocks at the fastest pace since March, reversing a months-long selling spree, data compiled by Goldman Sachs’ prime brokerage shows.

Bloomberg