Hedge Funds Hit Resistance on European-Bank Trades
By Katy Burne
Published October 04 2011 WSJ
In another sign of market participants exercising caution amid fragile market conditions, a number of hedge funds late last month tried to reduce their exposure to European banks with Credit Suisse (CS, CSGN.VX) using derivatives, but the Swiss dealer declined to take some of their trades, according to a person familiar with the matter.
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