Hedge funds' $400bn cash pile could spur market rally

Hedge funds could stoke a significant stock market rally and ease the pressure on Europe's exchanges if they re-invest an estimated $400bn (€304bn), which they hold in cash in anticipation of investor withdrawals.

Hedge fund managers currently hold a record 30% of their assets, or $400bn, in cash, after withdrawing from stock and bond markets to fund mounting investor redemptions, according to a Credit Suisse research note.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump