People who watch hedge funds for signals will be disappointed as research shows that confidence in the direction of the market is at a multi-decade low.
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Eric Veiel is not directing portfolio managers to prepare for the end of dollar hegemony, but he is watching closely as cracks start to form.
Hedge funds that were once a big source of capital to venture are wary of new commitments despite the reset in company valuations since the peak in 2022.
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